MM Forgings Limited has informed the Exchange regarding Notice of Postal Ballot
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MM Forgings Limited has issued a Postal Ballot Notice seeking shareholder approval for the appointment of Smt. Rama Sivaraman (DIN: 07425519) as a Non-Executive Independent Director (woman Independent Director) for a term of five years, effective 31 March 2025. The appointment was initially made as an Additional Director via a board circular resolution dated 21 March 2025, and now requires shareholder confirmation through a Special Resolution via remote e-voting. The e-voting window runs from 9 April 2025 to 8 May 2025, with results expected to be declared on 9 May 2025. Smt. Rama Sivaraman, aged 58, brings around 35 years of experience in strategic planning and global operations, including a former role as COO of Polaris Software (now VirtusaPolaris). She holds no shares in the company and currently serves as an Independent Director at Maveric Systems Limited.
This is a routine governance action to formalise the induction of a woman Independent Director on the board, fulfilling the requirement under SEBI Listing Regulations. No material financial or operational impact on shareholders is expected; the appointment strengthens board diversity and adds IT/financial services expertise.