Announced Thu, 28 May · 19:39 IST

Please find attached the Postal Ballot Notice under Reg 30 of SEBI LODR

Management Changes View source PDF

NPST · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+14.8%1-day move
₹1029.00
prior close
₹1025.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+7.3+13.4+13.5+9.2+14.8+28.8+36.8+36.6+40.9+54.5+52.8+54.5
Up moveDown movePending
AI summary

The company has issued a postal ballot notice seeking shareholder approval for appointing Mr. Vijay Kumar Singh as an Independent Director. He was appointed as Additional Director (Independent) by the Board on May 28, 2026, and now requires shareholder confirmation through this special resolution. Mr. Singh is a Fellow Chartered Accountant with over 25 years of experience in finance, internal audit, corporate governance, and regulatory compliance, having worked at JSW Steel Limited and B4U Television Network. His proposed term is 5 years (May 28, 2026 to May 27, 2031). The e-voting period runs from May 30, 2026 to June 28, 2026. The NRC and Board have recommended his appointment, and he meets all independence criteria under the Companies Act and SEBI regulations.

Likely market impact

This is a routine board strengthening exercise. The appointment adds an experienced independent director with strong finance and compliance background, which should strengthen governance. No direct impact on stock price expected from this announcement.