We would like to inform you that the Company has on November 19, 2025, completed the electronic transmission of the Postal Ballot Notice to the members whose names appear in the Register ....
IWP · price
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Awaiting price reaction for this filing.
The Indian Wood Products Company has dispatched a Postal Ballot Notice on November 19, 2025, seeking shareholder approval through remote e-voting on two resolutions. The first resolution seeks approval to re-designate Mr. Bharat Mohta from Whole Time Director (CEO) to Whole Time Director designated as Chairman and Managing Director, effective November 15, 2025, following the stepping down of Mr. Krishna Kumar Mohta (former CMD) due to his advanced age. The second resolution seeks approval to appoint Mr. Krishna Kumar Mohta, a promoter and shareholder, as Senior Strategic Consultant for a 3-year term at a fixed consultancy fee of Rs. 10 lakh per annum, which constitutes a related party transaction under Section 188 of the Companies Act. The e-voting window runs from November 20, 2025 (9:00 AM) to December 19, 2025 (5:00 PM), and CS Md. Shahnawaz has been appointed as the Scrutinizer. Results will be announced within two working days after voting closes.
This is primarily a leadership transition exercise with continuity preserved — Bharat Mohta takes over as Chairman and MD while the outgoing CMD stays engaged as a paid strategic consultant. The Rs. 10 lakh annual consultancy outflow is immaterial to the company's financials, and resolutions are expected to pass given promoter alignment, so there is unlikely to be any meaningful stock price impact.