Disclosure of Postal Ballot Notice through e-voting dated 3rd June, 2025.
MARKOLINES · price
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Markolines Pavement Technologies has issued a Postal Ballot notice dated June 3, 2025 seeking shareholder approval through e-voting for three special resolutions. Resolution 1 seeks to regularize the appointment of Ms. Vaishali Tarsariya (DIN: 10435220) as an Independent Director for a 5-year term from April 8, 2025 to April 7, 2030. Resolution 2 proposes amending the Object Clause of the Memorandum of Association to expand the company's business scope beyond highways into allied infrastructure segments such as airports, railways, ports, power, oil & gas, healthcare, mining, and urban infrastructure. Resolution 3 seeks approval to revise the remuneration of Chairman & Managing Director Sanjay Patil to Rs. 10.50 lakh per month for FY26 (April 1, 2025 to March 31, 2026). The e-voting window runs from June 5, 2025 to July 4, 2025, with results to be declared by July 5, 2025.
The MOA amendment signals potential business diversification beyond the company's core highway pavement business, which could open new growth avenues but also carries execution risk. The CMD pay revision to Rs. 10.50 lakh/month represents an increase that requires shareholder mandate. Both items need shareholder approval to be effective.