Pursuant to the provisions of the SEBI (LODR) Regulations, 2015 we hereby submit the intimation for the cut-off date and date for remote e-voting.
Price
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Awaiting price reaction for this filing.
Innovators Façade Systems Limited has called a Postal Ballot with remote e-voting open from 29th January to 27th February 2026 (cut-off date: 23rd January 2026). Three resolutions are put to shareholders: (1) appointment of Mrs. Gayatri Narendra Sharma as Non-Executive Non-Independent Director of the company; (2) modification of the aggregate limit for material related-party transactions with Innovators Contracting Works Pvt Ltd (ICWPL) from ₹90 crore to ₹120 crore for FY 2025-26, representing about 54.21% of consolidated turnover — ICWPL is an associate of a wholly-owned subsidiary and its directors/shareholders include relatives of CMD Mr. Radheshyam Sharma; and (3) approval of material related-party transactions with Parth Façade Solutions Pvt Ltd (PFSPL) up to ₹25 crore for FY 2026-27, about 11.29% of consolidated turnover. Voting is being conducted electronically through the MUFG InTime platform only, with results to be announced within two working days of voting closure.
Eligible shareholders must cast their votes electronically by 5:00 p.m. on 27th February 2026. The large scale of related-party deals (up to ₹145 crore combined) and promoter-family involvement in ICWPL warrant scrutiny for arm's-length pricing and governance.