Mahalaxmi Rubtech Limited has informed the Exchange regarding Notice of Postal Ballot
MHLXMIRU · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mahalaxmi Rubtech Limited has issued a Postal Ballot Notice seeking shareholder approval for three items. First, the re-appointment of Mr. Balveermal Kewalmal Singhvi (77 years old) as Non-Executive Independent Director for another 5-year term from April 1, 2026 to March 31, 2031. Mr. Singhvi is a retired banker with around 40 years of experience in loans, accounting, and banking. Second, approval for continuation of his directorship beyond the age of 75 years as required by SEBI regulations. Third, regularisation of Mrs. Renukaben Hardikkumar Patel as Non-Executive Independent Director for 1 year from April 1, 2026. Mrs. Patel was appointed as Additional Director (Independent) effective April 1, 2026 to fill the vacancy created after Mrs. Sangita Shingi completed her term as Woman Independent Director on March 31, 2026. Remote e-voting runs from April 21, 2026 to May 20, 2026, with cut-off date April 17, 2026.
The resolutions are routine governance matters and likely to be passed given they are board-recommended. The company maintains compliance with independent director requirements and woman director representation on the board. Minimal direct impact on stock price expected.