Announced Fri, 10 Apr · 16:34 IST

Notice of Postal Ballot of the Company

Board & Shareholder Meetings View source PDF

Price

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Price reaction · full curve 14 horizons · vs prior close
+1.4%1-day move
₹690.00
prior close
base price
After-mkt
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+1.4+2.8+1.7+3.5+0.6+7.2+0.0+16.6+24.6
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AI summary

Hardcastle & Waud Manufacturing Company has issued a postal ballot notice seeking shareholder approval on two items. The first is the appointment of Mr Ganpat Lal Dadhich (DIN: 11612342) as a Non-Executive, Non-Independent Director. He is 56 years old, holds a B.Com degree, and brings over 32 years of experience in accounts and business operations. He was first inducted as an Additional Director on 18 March 2026. The second item is the adoption of a new set of Articles of Association to replace the existing ones, as the current Articles still reference the old Companies Act, 1956 and need to be aligned with the Companies Act, 2013. Voting will be conducted entirely through remote e-voting via NSDL, with the window open from 13 April 2026 (9:00 am) to 12 May 2026 (5:00 pm). The cut-off date to determine eligible shareholders is 3 April 2026.

Likely market impact

For shareholders, this is a routine governance exercise. Approval of the new director is expected to be procedural as he was already on the board as an Additional Director. The adoption of new Articles is a housekeeping step to bring company rules in line with current law and is unlikely to affect shareholder rights materially. No immediate impact on share price is expected.