Pursuant to Regulation 30 of SEBI(LODR) Regulation, 2015, we hereby sent a postal ballot notice for seeking approval of shareholders for appointment of Ms. Vaishali Kalpesh Shah as a director(non-independent) ....
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Market Creators Ltd is seeking shareholder approval through a postal ballot for the formal appointment of Ms. Vaishali Kalpesh Shah (DIN: 11414073) as a Non-Independent Director and Whole Time Director designated as Executive Director. She was initially appointed as Additional Director and Executive Director from December 11, 2025, and now needs shareholder confirmation. Her proposed term is 5 years (March 7, 2026 to March 6, 2031) with consolidated remuneration capped at Rs. 10 Lakhs per annum for 3 years (March 7, 2026 to March 6, 2029). Ms. Shah is a Chemical Engineer with over 25 years of experience in the company's Mutual Fund distribution business and holds 1,000 equity shares as a promoter director. E-voting runs from February 6, 2026 to March 7, 2026.
This is a routine promoter-family board formalization rather than an external appointment, so material impact on the stock is unlikely. Shareholders should note that the company's net profit was only Rs. 1.52 Lakhs on turnover of Rs. 708.72 Lakhs in FY25, indicating minimal profits, which is why the managerial remuneration is being approved under Schedule V (inadequacy of profits provisions).