Completion of dispatchment of Postal Ballot Notice
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Nettlinx Limited has completed the dispatch of a Postal Ballot Notice to its members, seeking approval through e-voting on three special resolutions: (1) sale of shares held in Sri Venkateswara Green Power Projects Limited, (2) appointment of Mr. Amarender Reddy Bandaru as Non-Executive Independent Director, and (3) appointment of Mr. Rohith Loka Reddy as Managing Director. The e-voting window is open from May 30, 2025 (9:00 AM) to June 28, 2025 (5:00 PM). The cut-off date for identifying eligible members was May 23, 2025. The notice was sent electronically through the company's Registrar and Transfer Agent (Venture Capital And Corporate Investments Private Limited). The document is signed by Rohith Loka Reddy in his capacity as Managing Director.
Shareholders need to vote on three key matters: a divestment of the company's stake in a green power subsidiary, induction of a new independent director, and formal appointment of the Managing Director. The sale of Sri Venkateswara Green Power Projects Limited shares could have a material impact on the company's asset base and financials, while the leadership changes affect board composition going forward.