Please find enclosed herewith Postal Ballot Notice together with the Explanatory Statement thereto, seeking consent of the Members of the Company through voting by electronic means ("e-voting"), ....
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Awaiting price reaction for this filing.
NHC Foods has issued a Postal Ballot Notice seeking shareholder approval through e-voting for three resolutions. The first two ordinary resolutions seek to regularise the appointment of Mr. Narayanan Ananthakrishnan Iyer and Ms. Anisha Sukumar Sharma as Non-Executive Independent Directors for a 5-year term from March 6, 2025 to March 5, 2030. The third special resolution seeks approval to change the designation of Mr. Satyam Joshi from Executive Director to Managing Director for a 3-year period from March 7, 2025 to March 6, 2028, with a basic salary of Rs. 72 lakh per year. The e-voting window runs from May 6, 2025 (9:00 AM) to June 4, 2025 (5:00 PM), with results to be announced within 2 working days thereafter. Both new Independent Directors bring finance, secretarial, and corporate governance experience to the board.
Routine board restructuring — strengthening the independent director lineup and formalising leadership with a full-time Managing Director. Minor governance signal for shareholders to review the MD remuneration of Rs. 72 lakh basic salary plus perquisites, but unlikely to move the stock materially.