Intimation of notice of postal ballot under Regulation 30 of SEBI (LODR)
GODAVARIB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Godavari Biorefineries Ltd is seeking shareholder approval via postal ballot for two special resolutions. First, Mr. Nitin Mehta is being re-appointed as Independent Director for a second term of 5 years (July 1, 2026 to June 30, 2031). He currently serves on the Risk Management Committee and draws sitting fees of Rs 2.10 lakhs. Second, Dr. Sangeeta Srivastava is being re-appointed as Whole-Time Director (Executive Director) for 3 years from August 1, 2026, with monthly basic salary of Rs 4.92 lakh plus special allowance of Rs 2.40 lakh, bonus, commission and perquisites totaling Rs 1.12 crore annually. The company reported revenue of Rs 1,965 crore for FY26 with a marginal PBT of Rs 1.53 crore, citing challenging sugarcane and feedstock costs. Voting ends June 28, 2026.
The continuity of key leadership (both directors attended all 4 board meetings in FY26) provides stability. However, the marginal profit position and upcoming ethanol capacity expansion to 1,000 KLPD means execution risk remains. Shareholders should note Dr. Srivastava's Rs 1.12 crore remuneration package given the thin profit margins.