Please find enclosed the Postal Ballot Notice of the Company along with the Explanatory statement seeking approval of the Members of the Company on the resolution set out in the notice, ....
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GEM Enviro Management has issued a Postal Ballot Notice seeking shareholder approval for three resolutions. The first two resolutions seek to appoint Mr. Anil Kumar Behl (DIN: 00697588), aged 67, a Chartered Accountant with over 40 years of experience, as a Director and then as Managing Director for a 3-year term (December 9, 2025 to December 8, 2028), without remuneration (only sitting fees of Rs. 5,000 per meeting). Notably, Mr. Behl was previously serving as an Independent Director on the Board since September 30, 2023, and resigned from that role on December 9, 2025, before being elevated as MD. The third resolution seeks to appoint Mr. Suresh Kumar Gupta (DIN: 00375710), aged 66, a Practicing Chartered Accountant with 40+ years of experience, as a Non-Executive Independent Director for a 5-year term (December 16, 2025 to December 15, 2030). E-voting runs from January 13, 2026 to February 11, 2026 via CDSL.
Shareholders are being asked to approve a top leadership change, with a new Managing Director (who will not draw salary) and a new Independent Director joining the Board. The MD transition involves Mr. Behl moving from Independent Director to MD role, which strengthens executive leadership but reduces the pool of independent directors. Stock price impact is likely neutral to mildly positive as the appointments bring experienced chartered accountants into key governance roles.