Notice of Postal Ballot & E-Voting to Shareholders
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Kings Infra Ventures Ltd (BSE: 530215), a seafood and aquaculture company, has issued a Postal Ballot notice to shareholders seeking e-voting approval for two resolutions. The first is the appointment of Mr. Baby John Shaji (DIN: 03498692), currently Joint Managing Director and CFO, as the new Managing Director for a 5-year term from February 6, 2026 to February 5, 2031, following the death of his father, the former Chairman & Managing Director. The second resolution seeks approval for Ms. Rita Shaji John (Baby John Shaji's mother) as a Non-Executive Non-Independent Director. For FY25, the company reported total turnover of around Rs. 124.63 crore and total comprehensive income of about Rs. 13.17 crore. E-voting runs from February 10, 2026 (9 AM) to March 11, 2026 (5 PM), with results to be announced by March 13, 2026.
This is a routine procedural postal ballot tied to leadership succession after the former MD's demise. Mr. Baby John Shaji and Ms. Rita Shaji John, who are related (mother and son), together hold over 8% of the company's paid-up capital. Shareholders should review and vote during the e-voting window as approval will formalise the new MD appointment.