Submission of Notice of Postal Ballot
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mauria Udyog Limited has issued a postal ballot notice seeking shareholder approval for two items. First, the appointment of Shri Navneet Kumar Sureka as Managing Director for a fresh term of 5 years effective April 1, 2026, with a monthly salary of Rs. 5,00,000 plus perquisites including PF, gratuity, furnished accommodation, and medical expenses. Second, a revision in remuneration for Smt. Deepa Sureka as Whole-time Woman Director, doubling her salary from Rs. 1,50,000 to Rs. 3,00,000 per month effective April 1, 2026. Both are promoter-directors with significant shareholding (Navneet Kumar Sureka holds 16.63% and Deepa Sureka holds 15.47%). The voting period runs from April 6, 2026 to May 5, 2026, with results to be declared by May 7, 2026.
Shareholders should note that both resolutions involve related party transactions with promoter-directors, and the combined promoter holding exceeds 32%. The salary increases reflect continued confidence in the existing management team. Both require special resolution (75% majority) approval.