Mohit Industries Limited has informed the Exchange regarding Notice of Postal Ballot
MOHITIND · price
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Awaiting price reaction for this filing.
Mohit Industries Limited has issued a Postal Ballot notice to shareholders seeking their approval for two director appointments. Item 1 seeks approval to appoint Mrs. Anshula Sachinkumar Jain (DIN: 10910473) as Non-Executive Independent Director for a 5-year term effective March 26, 2025. Item 2 seeks approval to appoint Mr. Mohit Narayan Saboo (DIN: 02357431) as Non-Executive Non-Independent Director, effective March 26, 2025, liable to retire by rotation. Mr. Saboo is a Chartered Accountant, holds 162,836 equity shares in the company, and is related to existing directors Mr. Narayan Sitaram Saboo and Mr. Naresh Sitaram Saboo. Voting will be conducted electronically via NSDL from May 15, 2025 (9:00 am) to June 13, 2025 (5:00 pm), with results to be declared on or before June 17, 2025. The cut-off date for identifying eligible voters is May 9, 2025, and the notice has been sent only via email.
This is a routine corporate governance action to formalize two directors who were already appointed as Additional Directors on March 26, 2025. The appointments are unlikely to be material for the stock price, but the e-voting outcome (especially the Special Resolution for the Independent Director) is something shareholders should track.