Ishan Dyes and Chemicals Limited has informed the Exchange regarding Notice of Postal Ballot
ISHANCH · price
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Ishan Dyes and Chemicals has issued a Postal Ballot Notice seeking shareholder approval via remote e-voting for two special resolutions. The first is the re-appointment of Mr. Shrinal P Patel (DIN 02992519) as Whole Time Director for 5 years from February 1, 2026 to January 31, 2031, with remuneration of up to 5% of net profits and a minimum of ₹4 lakh per month. The second is the re-appointment of Mr. Piyushbhai Natvarlal Patel (DIN 00450807) as Managing Director for 5 years from June 1, 2026 to May 31, 2031, with remuneration of up to 5% of net profits and a minimum of ₹5 lakh per month. Both directors are promoters of the company, and the Managing Director is over 70 years of age, requiring a special resolution with justification. The cut-off date for eligibility is March 20, 2026, with e-voting running from April 1, 2026 to April 30, 2026.
This is a routine governance exercise for a small-cap promoter-led company. Since both appointees are existing promoters being re-appointed with terms already largely in place, the outcome is unlikely to materially affect the stock price, though shareholder approval is required for the re-appointments to be valid.