Kaushalya Infrastructure Development Corporation Limited has informed the Exchange regarding Notice of Postal Ballot
KAUSHALYA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kaushalya Infrastructure Development Corporation has issued a Postal Ballot Notice seeking shareholder approval through e-voting for 6 special resolutions, all related to directors. The resolutions cover: (1) re-appointment of Mr. Ram Krishna Mondal as Independent Director for a second 5-year term from May 6, 2025 to May 5, 2030, (2) his continuation beyond the age of 75 years, (3) re-appointment of Mr. Mahesh Mehra as Whole-time Director for 5 years from September 3, 2025 with a basic salary of Rs. 95,000 per month plus Rs. 15,000 transport allowance, (4) his continuation beyond the age of 70 years, (5) re-appointment of Mr. Tarak Nath Mishra as Whole-time Director (also serving as CFO) for 5 years from August 29, 2025, and (6) re-appointment of Mr. Sanjay Lal Gupta as Whole-time Director for 5 years from August 29, 2025. The cut-off date for shareholder eligibility is June 27, 2025. E-voting begins on July 5, 2025 and ends at 5:00 PM on August 4, 2025, with results to be announced on or before August 5, 2025. The scrutinizer for the process is M/s. M. Shahnawaz & Associates, Practicing Company Secretaries.
This is a routine corporate governance exercise to renew director tenures and seek approval for continuation of certain directors beyond prescribed age limits. There is no direct impact on shareholders' financial interests or business operations. Shareholders holding shares as of June 27, 2025 should cast their votes electronically before the August 4, 2025 deadline.