Indo Amines Limited has informed the Exchange regarding Notice of Postal Ballot dated 5th May, 2025
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Indo Amines Limited has issued a postal ballot notice dated 5 May 2025 seeking shareholder approval for two special resolutions via remote e-voting. The first resolution is to re-appoint Mr. Vijay Sane (DIN: 10153927) as a Non-Executive Independent Director for a second term of 1 year, from 9 May 2025 to 8 May 2026. The second resolution is to re-appoint Mr. Avinash Aphale (DIN: 10167429) as a Non-Executive Independent Director for a second term of 2 years, from 18 May 2025 to 17 May 2027. Mr. Aphale will turn 75 during his proposed tenure, which is why his re-appointment requires a special resolution under SEBI's Regulation 17(1A). The e-voting window runs from 10 May 2025 to 8 June 2025, and results will be announced on or before 10 June 2025. Both directors currently hold no shares in the company and have no other directorships.
This is a routine governance action that maintains board continuity with no change in leadership. Shareholders should vote on the resolutions before 8 June 2025; rejection of Mr. Aphale's re-appointment due to the age-related special resolution requirement is unlikely but represents the key item requiring attention.