Notice of Postal Ballot
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Kaka Industries Limited has issued a postal ballot notice seeking shareholder approval through e-voting on three special resolutions. The first resolution seeks to regularize Mr. Ishan Jayminbhai Parikh (a Chartered Accountant with 17+ years of experience) as Independent Director for a 5-year term from November 26, 2025 to November 25, 2030. The second resolution seeks approval to reappoint Mr. Rajesh Dhirubhai Gondaliya (Promoter, aged 53) as Managing Director & Chairman for 3 years (March 18, 2026 to March 17, 2029) with remuneration up to Rs. 2.40 crore per annum. The third resolution proposes reappointment of Mr. Bhavin Rajeshbhai Gondaliya (Promoter's son, aged 26) as Whole-Time Director for the same 3-year period with identical remuneration of up to Rs. 2.40 crore per annum, payable even in years of inadequate profits under Schedule V of the Companies Act. E-voting via Bigshare Services runs from February 17, 2026 to March 18, 2026, with results to be declared by March 20, 2026.
This is a routine corporate governance postal ballot with no major strategic or financial impact for the company. Shareholders should note that the combined promoter-family remuneration ceiling of Rs. 4.80 crore per annum may be a governance consideration for minority investors, though it is subject to shareholder approval. Investors with demat accounts should ensure their email IDs are updated with their depository participants to receive the notice and exercise their voting rights before March 18, 2026.