Innovana Thinklabs Limited has informed the Exchange regarding Notice of Postal Ballot
INNOVANA · price
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Innovana Thinklabs Limited has issued a Postal Ballot Notice seeking shareholder approval for the re-appointment of Mrs. Riya Sharma as an Independent Director for a second term of five consecutive years (June 28, 2026 to June 27, 2031). This requires a Special Resolution with 75% majority. Mrs. Sharma currently serves as Chairperson of the CSR Committee and member of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. She attended all 10 Board Meetings during FY 2025-26 and last drew remuneration of Rs. 40,000 as sitting fees and commission. She has no shareholding in the company. The e-voting period runs from May 22, 2026 to June 20, 2026, with results to be declared by June 23, 2026.
This is a routine corporate governance matter. The re-appointment of an experienced independent director with legal and secretarial expertise should provide stability to the board. Given the routine nature and positive recommendation from the Nomination and Remuneration Committee, the resolution is expected to pass comfortably, with minimal direct impact on the stock price.