Notice of Postal Ballot & E-Voting to Shareholders
Price
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Awaiting price reaction for this filing.
Kings Infra Ventures Limited has issued a postal ballot notice to shareholders seeking approval for the re-appointment of Mr. Shaji Baby John (DIN: 01018603) as Managing Director for a further term of three years, from May 29, 2025 to May 28, 2028. The e-voting window runs from April 24, 2025 to May 23, 2025, with results expected by May 25, 2025. Mr. Shaji Baby John is a promoter-director, holds 49,57,428 equity shares (20.22% of paid-up capital), and has been associated with the company since its inception in 1987. Notably, he has waived his right to receive salary since November 2016 and will continue to serve without remuneration. The company operates in the seafood and aquaculture sector, with FY24 revenue of Rs. 90.41 crore and PBDIT of Rs. 14.61 crore.
This is a routine governance matter unlikely to materially move the stock price. The continued zero-salary commitment by the promoter-MD signals alignment with shareholder interests and operational continuity, while his 20.22% stake keeps promoter control intact.