In continuation to our letters dated 4th & 5th November, 2025 regarding appointment of Shri Suman Jyoti Kaitan, and 20th November, 2025 for sending postal ballot notice, this is to inform that Members of the Company have approved the appointment of Shri Suman Jyoti Khaitan (DIN: 00023370) as an Independent Director of the Company, by passing special resolution through postal ballot on 20th December, 2025. However, the result of postal ballot was declared today i.e. 22nd December, 2025 at 05:24 p.m.'
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Maral Overseas Limited has received shareholder approval for the appointment of Shri Suman Jyoti Khaitan (DIN: 00023370) as an Independent Director. The approval was granted through a special resolution passed via postal ballot, with voting closing on 20th December 2025 and results declared on 22nd December 2025 at 5:24 p.m. This follows earlier communications dated 4th, 5th, and 20th November 2025 regarding the appointment and postal ballot process. The appointment now takes effect with the required shareholder mandate secured.
The board composition is updated with a formally approved Independent Director, strengthening governance compliance. This is a routine corporate governance development with no immediate material impact on stock price or operations.