Notice of postal ballot
Awaiting price reaction for this filing.
Inox Wind Limited has issued a postal ballot notice dated 29th April 2025 seeking shareholder approval to appoint Mrs. Urvashi Saxena (DIN: 02021303) as a Non-Executive Independent Director for an initial term of 1 year, from 6th April 2025 to 5th April 2026. Mrs. Saxena, aged 79, is a retired Indian Revenue Service officer who served as the first lady Chief Commissioner of Income Tax in Mumbai and later as Chairperson of the Income Tax Settlement Commission in Delhi. Since she is over 75 years of age, her appointment requires a Special Resolution under SEBI's Regulation 17(1A). The remote e-voting window runs from 1st May 2025 (9:00 AM) to 30th May 2025 (5:00 PM), with results to be declared by 3rd June 2025. The voting will be conducted electronically via NSDL, with the cut-off date for eligibility set as 25th April 2025.
This is a routine governance action that strengthens the board with an experienced former tax administrator who can contribute expertise in taxation and corporate affairs. Approval is expected to be a formality as postal ballots for independent director appointments typically pass without opposition, so no material impact on share price is anticipated.