Indo-National Limited has informed the Exchange regarding Notice of Postal Ballot
NIPPOBATRY · price
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Indo-National Limited (Nippo Batteries) has issued a Postal Ballot Notice dated June 16, 2025 seeking shareholder approval for the appointment of Ms. Suneeta Reddy (DIN: 00001873) as a Non-Executive Non-Independent Director of the company. She was initially appointed as an Additional Director on June 6, 2025, and her appointment must be confirmed by shareholders within three months as per SEBI Listing Regulations. Ms. Suneeta Reddy is the Managing Director of Apollo Hospitals Enterprise Limited and brings over 30 years of healthcare sector experience. She is a related party, being the wife of Indo-National's Managing Director Mr. P. Dwaraknath Reddy and mother of Joint Managing Director Mr. P. Aditya Reddy, and she holds 1,19,160 equity shares in the company. Shareholders can vote through remote e-voting from June 20, 2025 (9:00 AM) to July 19, 2025 (5:00 PM), with the cut-off date being June 13, 2025, and results will be announced within two working days after the voting closes.
This is a routine procedural filing to regularize the board composition. Adding a director of Ms. Suneeta Reddy's stature could bring strategic expertise, but shareholders should note it is a related-party appointment that requires their specific approval through e-voting.