Gujarat Themis Biosyn Limited has informed the Exchange regarding Notice of Postal Ballot
GUJTHEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gujarat Themis Biosyn Limited has issued a Postal Ballot notice for two shareholder resolutions to be voted on via remote e-voting (cut-off date: March 13, 2026; voting period: March 19, 2026 to April 17, 2026). The first is a Special Resolution to re-appoint Mrs. Kirandeep Madan (DIN: 00686547) as Non-Executive Woman Independent Director for a second 5-year term from May 1, 2026 to April 30, 2031, after her first term expires on April 30, 2026; she was paid Rs. 8.80 lakh in sitting fees and commission in FY25-26. The second is an Ordinary Resolution seeking shareholder approval for material related party transactions with Themis Medicare Limited (TML) — a Promoter Group company holding 23.19% of GTBL's equity — for an aggregate value of up to Rs. 50 Crores in FY 2026-27, covering sale of fermentation-based APIs, intermediates and other operational transactions on an arm's length basis. TML shares common directors with GTBL including Dr. Dinesh Patel (Chairman), Dr. Sachin Patel (MD) and Mr. Rajneesh Anand. The Audit Committee has already approved the related party transactions, and results will be declared by April 21, 2026.
For shareholders: the re-appointment of the independent director is routine and procedural, but the Rs. 50 Crore related party transaction with promoter group entity TML is the more material item — it formalises significant business dealings with a related party, and the size (Rs. 50 Cr) suggests meaningful business inter-dependence with the promoter group. Approval (or rejection) will be visible in the e-voting outcome, and shareholders should review the arm's length nature of these transactions.