Malu Paper Mills Limited has informed the Exchange regarding Notice of Postal Ballot
MALUPAPER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Malu Paper Mills has sent a Postal Ballot Notice to shareholders seeking approval for two resolutions. The first is the re-appointment of Shri. Punamchand Malu (Promoter) as Managing Director & CEO for a 5-year term from April 1, 2025 to March 31, 2030, via a Special Resolution. The second is the re-appointment of Shri. Banwarilal Malu (Promoter) as Joint Managing Director for the same 5-year term, via an Ordinary Resolution. Both will serve without any salary, commission, or perquisites — only reimbursement of expenses. E-voting opens on May 23, 2025 and closes on June 21, 2025, with results to be announced within two working days after that.
This is a routine procedural step to formalise the re-appointment of the two existing promoter directors who already lead the company. Since both are serving without remuneration, shareholders should mainly focus on continuity of leadership and management. Shareholders need to cast their votes electronically before June 21, 2025 if they wish to participate.