Indo Rama Synthetics (India) Limited has informed the Exchange regarding Notice of Postal Ballot
INDORAMA · price
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Indo Rama Synthetics has issued a Postal Ballot notice to shareholders seeking approval for two director appointments via remote e-voting only. The first resolution seeks an Ordinary Resolution to appoint Mr. Vipin Kumar (DIN: 07355025) as a Non-Executive Non-Independent Director, effective 31st January 2026. The second, a Special Resolution, seeks to appoint Mr. Sanjay Gupta (DIN: 11471106) as Whole-Time Director for a 3-year term from 31st January 2026 to 30th January 2029, with a total monthly remuneration of roughly ₹10.7 lakh (Basic ₹5.22 lakh + HRA ₹3.13 lakh + Conveyance ₹1.16 lakh) plus perks, PF, gratuity, and a company car. Remote e-voting runs from 24th March 2026 (9:00 AM) to 22nd April 2026 (5:00 PM), with results expected by 24th April 2026. The notice also highlights a strong financial turnaround — FY25 total income rose to ₹3,989.94 crore from ₹3,716.76 crore, and the company swung to a net profit of ₹20.08 crore from a loss of ₹141.66 crore in FY24, with EBIDTA at ₹187.64 crore versus ₹1.78 crore.
This is a routine governance exercise, but the formal ratification locks in Sanjay Gupta as Whole-Time Director for three years, signalling operational continuity. Vipin Kumar's appointment brings 33+ years of polyester industry experience to the board. Approval is expected to be a procedural formality and is unlikely to materially move the stock, though shareholders must vote by 22nd April 2026.