NIBE Limited has informed the Exchange regarding Notice of Postal Ballot including details of e-voting.
NIBE · price
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NIBE Limited has issued a Postal Ballot Notice seeking shareholder approval via special resolution for the appointment of Mr. Rajagopalan Madhavan (DIN: 08209860) as an Independent Director for a term of 5 years effective March 25, 2026. Mr. Madhavan, aged 63, is a Mechanical Engineering graduate from NIT Raipur and holds an M.Tech from IIT Madras. He served as Chairman and Managing Director at Hindustan Aeronautics Limited (HAL), bringing expertise in aerospace and defence manufacturing. He was appointed as Additional Director in the capacity of Independent Director by the Board on March 25, 2026, and this appointment is now subject to shareholder approval per SEBI regulations. The remote e-voting period runs from May 20, 2026 to June 18, 2026, with NSDL providing the voting platform.
Shareholders should vote on this appointment; if approved, Mr. Madhavan will strengthen the Board's expertise in aerospace and defence sectors. The resolution requires a special majority and is not expected to materially impact stock price.