Notice of Postal ballot
Awaiting price reaction for this filing.
Insilco Limited, which is under voluntary liquidation since 25 June 2021, has issued a Postal Ballot Notice dated 9 October 2025 seeking shareholder approval to appoint Ms. Chaitali Talele (DIN: 10392374) as Managing Director (Executive Director) for a 5-year term from 10 October 2025 to 9 October 2030. Ms. Talele is currently the CFO of Evonik India Private Limited (the holding company of Insilco) and has chosen not to receive any separate remuneration for this role; her primary work location will be Mumbai. She is a Chartered Accountant with a Master's in Commerce from Pune University and 21 years of experience, and was first appointed to Insilco's Board on 29 May 2024. The e-voting window runs from 20 October 2025 (9:00 AM) to 18 November 2025 (5:00 PM) via NSDL, with the cut-off date for eligibility being 13 October 2025 and results to be announced by 20 November 2025.
This is a procedural/compliance filing rather than a value-creating event — the company is under voluntary liquidation, and the appointee is an existing Evonik Group executive taking on the MD role without additional pay, so no meaningful impact on stock price or shareholder returns is expected. Retail shareholders only need to cast their e-vote (for/against) before 18 November 2025 if they wish to participate in the decision.