Pursuant to the provisions of SEBI (LODR) Regulations, 2015, we hereby submit the intimation for Postal Ballot Notice dated 27th January 2026.
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Innovators Facade Systems Ltd has issued a Postal Ballot Notice dated 27th January 2026 seeking shareholder approval on three resolutions via remote e-voting. The first resolution (special) seeks approval to appoint Mrs. Gayatri Narendra Sharma as Non-Executive Non-Independent Director, effective from 27th January 2026. The second resolution (ordinary) seeks to modify the aggregate limit for Related Party Transactions (RPTs) with Innovators Contracting Works Private Limited (ICWPL), raising the cap from the earlier approved ₹90 crore to ₹120 crore for FY 2025-26, representing 54.21% of the company's annual consolidated turnover. The third resolution (ordinary) seeks approval for material RPTs with Parth Facade Solutions Private Limited (PFSPL) up to ₹25 crore for FY 2026-27, representing 11.29% of annual turnover. E-voting begins on 29th January 2026 and ends on 27th February 2026, with the cut-off date being 23rd January 2026.
Shareholders should note that the RPT with ICWPL involves relatives of the Chairman & Managing Director Mr. Radheshyam Sharma (Mr. Rohit Sharma and Mrs. Koshangi Sharma are directors/shareholders of ICWPL), which raises corporate governance considerations. The substantial increase in the ICWPL RPT limit from ₹90 crore to ₹120 crore signals growing dependence on related party dealings. Outcome of the e-voting will determine the company's flexibility to execute these related party transactions.