Intimation of Notice of postal Ballot
Awaiting price reaction for this filing.
KIMS has issued a postal ballot notice seeking shareholder approval to re-appoint Ms. Prameela Rani Yalamanchili (DIN: 03270909) as an Independent Director for a second term of 5 consecutive years, from May 19, 2025 to May 18, 2030. Her proposed commission has been set at Rs. 20 lakh per annum, up from Rs. 15 lakh drawn in her first term. E-voting is open from June 24, 2025 (9:00 AM) to July 23, 2025 (5:00 PM), with results expected by July 25, 2025. She is a 71-year-old retired banker (ex-General Manager, Andhra Bank) with 36 years of experience, holds 8 other public-company directorships, and attended all 8 board meetings in FY25.
Routine governance action with no material impact on the stock. The modest commission hike (Rs. 15 lakh to Rs. 20 lakh) is negligible. Shareholders should simply vote before July 23, 2025; outcome is expected to be a routine approval with no business disruption.