Shareholder Meeting/Postal Ballot - Notice of Postal Ballot
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Modern Insulators Ltd is seeking shareholder approval via postal ballot (remote e-voting) for the appointment of two Executive Directors: Shri Animesh Banerjee (DIN: 07905214) and Shri P. Sridharan (DIN: 03100055). Both were initially appointed as Additional Directors on March 22, 2025, and now require shareholder confirmation for a 3-year term. Animesh Banerjee, 59, brings 35+ years of cross-industry experience and will receive a basic salary of Rs. 4.52 lakh/month plus a Rs. 1.5 lakh special allowance, with performance-linked variable pay up to Rs. 22.37 lakh annually. P. Sridharan, 68, has decades of experience in insulators and related industries and will receive Rs. 3.25 lakh/month. E-voting runs from April 16, 2025 to May 15, 2025, with results expected by May 17, 2025.
Routine governance action to regularize two board appointments already made on March 22, 2025. Shareholders should review the remuneration packages and the experience profiles of both appointees before voting; no immediate material impact on operations or stock price is expected.