Submission of Postal Ballot Notice
Price
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Awaiting price reaction for this filing.
International Data Management Limited has issued a Postal Ballot Notice to shareholders seeking approval through remote e-voting for three items. Item 1: Appointment of Mr. Vikram Shastry (DIN 09633011) as Non-Executive Independent Director for a five-year term from 31 March 2025 to 30 March 2030, via Special Resolution. Item 2: Appointment of Ms. Pamela Srivastava (DIN 10719897) as Non-Executive Independent Director on similar terms, also via Special Resolution. Both are replacing Mr. P S Ravishankar and Mr. Suresh Chand Sharma, whose second terms ended on 30 March 2025. Item 3: Re-appointment of Mr. Sashi Sekhar Mishra (DIN 03072330) as Manager of the Company for another five-year term (31 March 2025 to 30 March 2030) without any remuneration, via Ordinary Resolution. Voting opens on 30 May 2025 (9:00 AM) and closes on 28 June 2025 (5:00 PM), with the cut-off date for eligibility set at 23 May 2025. Results will be declared on or before 30 June 2025.
This is a routine corporate governance exercise with no direct material impact on shareholders' investments. The appointment of two new Independent Directors refreshes the board, and the Manager's re-appointment without remuneration is cost-neutral for the company. No immediate stock price movement is expected as these are procedural in nature.