Krishna Institute of Medical Sciences Limited has informed the Exchange regarding Notice of Postal Ballot
KIMS · price
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Krishna Institute of Medical Sciences (KIMS) has issued a postal ballot notice seeking shareholder approval for the re-appointment of Ms. Prameela Rani Yalamanchili (DIN: 03270909) as an Independent Director for a second term of 5 consecutive years, from May 19, 2025 to May 18, 2030. She is a 71-year-old veteran banker (MBA & CAIIB) with 36 years of experience at Andhra Bank, and currently serves on 8 other public company boards and chairs 5 committees. Her proposed remuneration is Rs. 20 lakhs per annum as commission, up from Rs. 15 lakhs drawn previously. The remote e-voting window runs from June 24, 2025 (9:00 AM) to July 23, 2025 (5:00 PM), with results expected by July 25, 2025.
This is a routine corporate governance action with no material impact on shareholders or the stock price. Shareholders are encouraged to vote via remote e-voting; the resolution requires a special resolution majority to pass. The modest increase in commission (Rs. 15 lakh to Rs. 20 lakh per annum) is in line with industry norms for independent directors.