Please find enclosed notice of postal ballot meeting
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Awaiting price reaction for this filing.
Mizzen Ventures Ltd (BSE Scrip: 531537) has issued a postal ballot notice for shareholder voting via e-voting between 22 May 2025 and 20 June 2025 (cut-off date: 9 May 2025). The 8 resolutions seek approval for: appointment of Mr. Sandeep Dsilva as Managing Director for 3 years at up to ₹60 lakh per annum, Ms. Kripa Anand Rajput and Mr. Om Kantimohan Mishra as Whole-Time Directors for 3 years at ₹30 lakh and ₹6 lakh p.a. respectively, three Non-Executive Independent Directors (including one women director) for 5-year terms, ratification of the company's name change from Jyothi Infraventures to Mizzen Ventures originally approved at the 11 Sept 2024 EGM, and appointment of M/s Nuren Lodaya & Associates as Secretarial Auditors for up to 5 years. The MD also doubles as CFO, which combined with the small-cap status and the need to re-ratify a prior name change suggests a small, early-stage operation undergoing governance restructuring.
These are primarily governance and housekeeping items with limited direct impact on stock price or shareholder value; investors should note the modest remuneration packages and the combined MD-CFO role, which is a yellow flag for governance independence. Voting is open until 20 June 2025.