Dispatch of Postal Ballot Notice to shareholders of the Company along with Postal Ballot Notice and its Explanatory Statement.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lake Shore Realty Ltd has sent a Postal Ballot Notice to shareholders seeking their approval through remote e-voting on three special business items. First, the appointment of Mr. Narendra Kumar Verma (DIN: 05164866) as a Non-Executive Independent Director for a five-year term from May 15, 2026 to May 14, 2031. Second, approval to shift the company's registered office from the National Capital Territory of Delhi to the State of Maharashtra, along with a corresponding change in the Memorandum of Association. Third, approval under Section 185 of the Companies Act to give loans, advances, guarantees or security of up to Rs. 100 Crores (in one or more tranches) to subsidiaries, associates, joint ventures or group entities. The e-voting window runs from June 3, 2026 (9:00 AM) to July 2, 2026 (5:00 PM), with the cut-off date for eligibility set as May 29, 2026. CS Dipti Zaveri has been appointed as the Scrutinizer to oversee the process, and results are expected by July 4, 2026.
For shareholders, this is a routine governance and structural exercise, though the Rs. 100 Crore loan/guarantee limit under Section 185 is a noteworthy enabling approval that gives the board wide flexibility to financially support related entities, which could have future implications for capital allocation and related-party exposure.