Notice of Postal Ballot
GRWRHITECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Garware Hi-Tech Films is seeking shareholder approval via postal ballot for two special resolutions. First, Ms. Sonali Rajesh Mehta (a lawyer with over a decade of experience in dispute resolution, arbitration, and commercial litigation) is proposed for appointment as an Independent Director for 1 year starting June 25, 2026, replacing Ms. Devanshi Nanavati whose term ends June 24, 2026. Second, the company seeks to re-appoint Ms. Monika Garware as Vice-Chairperson and Joint Managing Director for 5 years (November 2026 to October 2031) with a proposed monthly basic salary of Rs. 60 lakh, increasing 10% annually, plus perquisites up to 40% of basic salary and commission equivalent to annual salary. The resolution also allows minimum remuneration payment even if profits are inadequate. E-voting runs from May 25, 2026 to June 23, 2026.
Shareholders should vote on these resolutions as they involve leadership continuity (Monika Garware's reappointment) and board composition changes. The minimum remuneration clause provides security for executive pay even during low-profit periods, which affects cost structures.