Notice of Postal Ballot
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L.K. Mehta Polymers Limited has issued a Notice of Postal Ballot dated 14 November 2025 seeking shareholder approval for a material related party transaction with M/s Kamlesh Industries, a proprietorship run by the company's Managing Director, Mr. Kamlesh Mehta. The proposed transaction, covering sale, purchase, and job work of plastic ropes and plastic granuels, is capped at ₹10 crore for FY 2025-26 and represents about 52% of the company's FY 2024-25 consolidated turnover. The transaction was approved by the Audit Committee's independent directors and will be carried out at arm's length and in the ordinary course of business. E-voting runs from 19 November 2025 (9:00 AM) to 19 December 2025 (5:00 PM), with related parties barred from voting on the resolution. Mr. Neelesh Gupta, Practicing Company Secretary, has been appointed as the scrutinizer.
Minority shareholders should review the transaction terms carefully given that the counterparty is owned by the Managing Director and the transaction size is over half the company's turnover. Approval is being sought as a regulatory formality; rejection is unlikely unless promoter and non-related shareholders actively oppose it.