Intimation for notice of Postal Ballot wherein e-voting shall start from May 22, 2025 and shall conclude on June 20, 2025.
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Kreon Finnancial Services Ltd has issued a Postal Ballot notice seeking shareholder approval for the reappointment of two Independent Directors — Mrs. Rajashree Santhanam (DIN: 07162071) and Mrs. Muthusamy Menaka (DIN: 10550690) — each for a second term of 5 years from April 1, 2025 to March 31, 2030. The notice was dispatched on May 20, 2025, and the cut-off date for eligibility is May 16, 2025. E-voting, facilitated by CDSL, will run from May 22, 2025 (9:00 AM IST) to June 20, 2025 (5:00 PM IST). Mrs. Santhanam brings over 35 years of experience in insurance, finance, legal, insolvency and valuation, while Mrs. Menaka has 15+ years in accountancy, finance, audits, corporate laws and taxation. M/s Lakshmi Subramanian & Associates will act as scrutinizer, and results will be announced within 48 hours of voting concluding.
This is a routine corporate governance exercise to ensure board continuity, with no material financial impact expected. Shareholders registered as of the May 16, 2025 cut-off date should vote electronically between May 22 and June 20, 2025 if they wish to participate. Routine director reappointments typically do not move the stock price.