Intimation of notice of Postal Ballot
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Innovassynth Technologies (India) Ltd (formerly Innovassynth Investments Limited) has sent a Postal Ballot Notice to shareholders seeking approval through remote e-voting for six resolutions. The proposals include appointing Mr. Viren Raheja and Mr. Akshay Raheja (brothers, connected to the Raheja Group / Supreme Petrochem) as Non-Executive Non-Independent Directors, appointing Ms. Ameeta Parpia as Independent Director for 5 years, and appointing Mr. Vaibhav Joshi as Whole-Time Director (Executive Director – Operations) for 5 years from December 23, 2025. Shareholders will also vote on approving a remuneration package of up to ₹4 crore per annum for Managing Director and CEO Dr. Hardik Joshipura, including provisions to pay such amount even in case of inadequate profits. The sixth resolution seeks to raise the company's borrowing limit under Section 180(1)(c) to ₹250 crore plus paid-up capital, free reserves and securities premium. E-voting begins on February 18, 2026 at 9:00 AM and ends on March 19, 2026 at 5:00 PM, with the cut-off date set as February 13, 2026.
The resolutions are largely routine governance items, but the ₹250 crore borrowing limit increase and ₹4 crore CEO remuneration package suggest the company may be preparing for higher capital needs or expansion. The induction of Raheja Group members as directors could indicate closer alignment with the promoter group of Supreme Petrochem.