HeidelbergCement India Limited has informed the Exchange regarding Notice of Postal Ballot
HEIDELBERG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
HeidelbergCement India has issued a Postal Ballot Notice seeking shareholder approval through remote e-voting for two items. Item 1 is an Ordinary Resolution to appoint Mr. Vimal Kumar Choudhary (DIN: 02370072) as a Non-Executive & Non-Independent Director, filling the vacancy left by Ms. Soek Peng Sim's resignation. Item 2 is a Special Resolution to re-appoint Mr. Vimal Kumar Jain (DIN: 09561918) as Whole-Time Director for a fresh 3-year term from 10 June 2025 to 09 June 2028, along with his remuneration package. Mr. Jain's proposed compensation includes a basic salary of Rs. 78.65 lakh per annum, HRA at 50% of basic, variable pay of Rs. 43.43 lakh (range 0-200%), LTIP of Rs. 54.39 lakh (range 0-200%), and car allowance of Rs. 20.52 lakh per annum. The e-voting window runs from 7 June 2025 (9:00 AM) to 6 July 2025 (5:00 PM), with results expected on or before 8 July 2025. The cut-off date for eligibility was 30 May 2025.
These are routine corporate governance items requiring shareholder approval. The re-appointment of the Whole-Time Director provides management continuity, while the new director appointment fills a board vacancy. Both resolutions are expected to pass given the promoter (Heidelberg Materials South Asia B.V.) holds 69.39% of shares, and are unlikely to materially affect the stock price.