Indiabulls Limited has informed the Exchange regarding Notice of Postal Ballot
IBULLSLTD · price
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Indiabulls Limited (formerly Yaari Digital Integrated Services Limited) has issued a postal ballot notice seeking shareholder approval on 9 special business items. Key resolutions include the appointment of Mr. Gurbans Singh as Executive Chairman (5-year term, remuneration of Rs 75 lakh per month) and Mr. Divyesh B. Shah as CEO (Whole-time Director), both for 5 years effective October 31, 2025. The notice also seeks approval to appoint three Independent Directors (Dr. Prabhat Kumar, Mr. Rajinder Singh Nandal, and Brig. Labh Singh Sitara) and re-appoint Mr. Kubeir Khera as Whole-time Director for another 5 years. Other items include altering the main objects clause of the Memorandum of Association to expand business into real estate, infrastructure, and investment activities, and authorizing charitable donations exceeding 5% of average net profits. A separate ordinary resolution proposes a 7-fold increase in Statutory Auditors' (M/s. G A R U D & Associates) remuneration from Rs 5 lakh to Rs 35 lakh for FY 2025-26 and 2026-27. The director appointments follow the NCLT-approved merger of Dhani Services Limited, Indiabulls Enterprises Limited, and 15 other companies with Indiabulls Limited, effective October 14, 2025. E-voting runs from December 30, 2025 to January 28, 2026, with results expected by January 30, 2026.
Shareholders should note these resolutions formalize board restructuring following the major merger. The significant jump in auditor remuneration (7x increase) and expanded business objects warrant close review by investors, as they signal shifting strategic priorities post-merger. Voting outcomes will shape the company's governance and operational direction for the next 3-5 years.