We are submitting the Postal Ballot Notice (1/25-26) being scheduled from 25-11-2025 to 24-12-2025 S Aravinthan Company Secretary
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National Fittings Limited has issued a Postal Ballot notice to shareholders with e-voting open from November 25 to December 24, 2025, seeking approval on six items. The key business includes appointing Anil Kumar Agarwal (who holds 10.89% stake) and his son Arpit Agarwal (9.53% stake) as Directors, and appointing Arpit Agarwal as Managing Director for 5 years with no salary. Jayaram Govindarajan is being confirmed as Joint Managing Director for 3 years at Rs 3.5 lakh per month plus perquisites. Former promoter A V Palaniswamy, who has sold his entire stake to Himgiri Castings Private Limited, is being reclassified from Promoter to Public shareholder. The company is also seeking approval for material related party transactions with Banil Castings Private Limited (Rs 5.84 crore purchases) and Avisa Private Limited, both firms where the incoming Agarwal directors hold substantial stakes.
This marks a major ownership and management transition at the company, with the Agarwal family taking control after acquiring around 20% stake. Shareholders should note the new MD is drawing zero salary while JMD gets a structured pay package, and that the related party transactions with group companies are being formalized. Results will be announced on December 25, 2025.