GFL Limited has informed the Exchange regarding Notice of Postal Ballot
GFLLIMITED · price
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GFL Limited has sent out a postal ballot notice to shareholders seeking approval for two key items. The first is the appointment of Mrs. Ishita Jain (DIN: 09276232) as a Non-Executive Director, which is being treated as an Ordinary Resolution. The second, more significant item, is a Special Resolution to change the designation of Mr. Pavan Kumar Jain (DIN: 00030098) from Non-Executive Director to Chairman and Managing Director for a five-year term (12 February 2026 to 11 February 2031), without remuneration. This change follows the demise of the previous Managing Director and Chairperson, Shri Devendra Kumar Jain. Mr. Pavan Kumar Jain, aged 74, is the founder of the INOX Group and holds 4,63,08,012 shares in the company. E-voting runs from 26 February 2026 to 27 March 2026, with results expected by 29 March 2026.
The postal ballot represents a significant leadership transition for GFL Limited, placing the founder of the INOX Group at the helm as Chairman and Managing Director. Mrs. Ishita Jain's appointment as a related-party family director further consolidates family involvement in governance. Shareholders should evaluate whether the continued family-led leadership structure is in their long-term interest and cast their votes before 27 March 2026.