Notice of Postal Ballot
Price
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Awaiting price reaction for this filing.
Kaycee Industries has issued a postal ballot notice dated February 3, 2026, seeking shareholder approval for two special resolutions. Resolution 1 proposes changing the designation of Mr. Raman Krishnamoorthy (DIN: 10766058) from Whole Time Director to Non-Executive Director effective from the close of business on March 31, 2026, citing his other professional commitments. Resolution 2 proposes appointing Mr. Pravin D. Zagade (59, ex-L&T with 37+ years in operations) as Manager cum Chief Operating Officer for a 3-year term starting April 1, 2026, with a salary band of Rs. 2.50 lakh to Rs. 2.80 lakh per month plus standard allowances. Remote e-voting begins on February 21, 2026 (9:00 AM IST) and ends on March 22, 2026 (5:00 PM IST), with results to be announced by March 24, 2026.
This is a routine management reshuffle with no material impact on shareholders — no capital changes, dividends, or related-party transactions are proposed. The appointment of a seasoned operations veteran from L&T as COO signals continuity in execution, while the existing WTD moves to a non-executive role. Shareholders should vote before March 22, 2026, but the outcome is unlikely to move the stock price meaningfully.