Kshitij Polyline Limited has informed the Exchange regarding Notice of Postal Ballot
KSHITIJPOL · price
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Awaiting price reaction for this filing.
Kshitij Polyline Limited has issued a Postal Ballot Notice seeking shareholder approval for the appointment of Mr. Rajesh Pherwani (DIN: 07576485) as Non-Executive Independent Director of the company. Mr. Pherwani was initially appointed as an Additional Director on May 6, 2025, and the board is now seeking members' approval by special resolution for a five-year term ending May 5, 2030. He is a graduate with over 25 years of experience in manufacturing, trading of garments, metals, minerals, and logistics, and currently also serves on the board of Deep Diamond India Limited. The remote e-voting window runs from July 4, 2025 to August 2, 2025, with results expected by August 5, 2025. Mr. Pherwani holds no shares in the company and will receive only sitting fees for attending board and committee meetings.
This is a routine corporate governance step to regularize an independent director appointment already made by the board. The appointment is unlikely to have a material impact on the stock price or business operations, though it adds an experienced independent voice to the board.