Announced Thu, 19 Feb · 19:31 IST

Corrigendum to Postal Ballot Notice.

Board & Shareholder Meetings View source PDF

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Awaiting price reaction for this filing.

AI summary

The company issued a corrigendum on February 19, 2026 to fix errors in its Postal Ballot Notice dated February 6, 2026. The corrections cover four main items: (1 & 2) Remuneration mentioned as 'Sitting Fees and Commission, if any' is clarified as nil; (3) Appointment of Ms. Ameeta Parpia as Non-Executive Independent Director — gender pronouns corrected from 'his/he' to 'her/she', and her pay clarified as sitting fees only; (4) Mr. Vaibhav Joshi's remuneration in case of loss or inadequacy of profits is capped at ₹1.35 crore per annum, not per Schedule V limits; (5) Dr. Hardik Joshipura's designation corrected to Managing Director & CEO (previously listed as Whole-Time Director – Operations), with qualifications noted as Ph.D in Organic Chemistry and Harvard Business School alumnus. E-voting for the postal ballot is already underway via NSDL.

Likely market impact

This is a procedural correction and does not materially alter the substance of the resolutions being voted on, though shareholders should review the changes before casting votes. The clarifications around director remuneration (especially the ₹1.35 crore cap for Mr. Joshi and nil remuneration for others) provide more transparency for investors evaluating the board appointments.