Intimation under Regulation 30 of SEBI (LODR) Regulations 2015- Notice of Postal Ballot
Awaiting price reaction for this filing.
Insilco Ltd, which has been under voluntary liquidation since 25 June 2021, has issued a Postal Ballot notice seeking shareholder approval via remote e-voting. Two ordinary resolutions are proposed: (1) appointment of Ms. Shivangi Negi (DIN: 10823339) as Managing Director (Executive Director) for a 5-year term from 14 February 2026 to 13 February 2031, without any remuneration as she currently serves as Deputy CFO at parent company Evonik India; and (2) appointment of Ms. Deepa Jha (DIN: 11515789) as Non-Executive Non-Independent Director effective 13 February 2026, also without remuneration or sitting fees. E-voting runs from 27 February 2026 (9:00 AM) to 28 March 2026 (5:00 PM), with results to be announced by 31 March 2026. The cut-off date for shareholder eligibility is 20 February 2026.
These are largely administrative/compliance-driven appointments during the company's ongoing voluntary liquidation process. Since the MD will receive no separate remuneration and the new director will not be paid fees, the resolutions are unlikely to have a material financial impact on shareholders. Investors should note that the company remains under liquidation, so these appointments serve governance continuity rather than indicating any change in business direction or revival plans.