Newspaper Advertisement regarding the Notice of Postal Ballot and Remote e-voting
Awaiting price reaction for this filing.
Aditya Birla Capital Limited has published a newspaper advertisement on 22 May 2025 in Business Standard (English, all-India edition) and Sandesh (Gujarati, Rajkot edition) regarding a Postal Ballot Notice seeking shareholder approval through remote e-voting. Five special business items are up for approval: (1) appointment of Mr. Nagesh Pinge as Independent Director for 5 years w.e.f. 1 April 2025, (2) appointment of Mr. Sunil Srivastava as Independent Director for 5 years w.e.f. 1 April 2025, (3) increase in borrowing limits under Section 180(1)(c) of the Companies Act 2013, (4) creation of charge/security on company assets under Section 180(1)(a), and (5) issue of Non-Convertible Debentures on private placement basis. The Postal Ballot Notice was emailed to members on 21 May 2025 with 18 May 2025 as the cut-off date. E-voting runs from 9:00 AM on 22 May 2025 to 5:00 PM on 20 June 2025, with results to be announced by 24 June 2025. KFin Technologies is the e-voting agency and MMJB & Associates LLP is the scrutinizer.
Shareholders should review the five resolutions and cast their votes via remote e-voting before 5:00 PM on 20 June 2025. The proposals include two new independent director appointments, expansion of borrowing capacity, enabling charges on assets, and authority to issue NCDs on private placement, which could affect the company's capital structure and governance.