Omaxe Limited has informed the Exchange regarding Notice of Postal Ballot
OMAXE · price
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Omaxe Limited has issued a Postal Ballot Notice dated May 28, 2025, seeking shareholder approval through remote e-voting for two special resolutions. The first is the regularization of Mr. Satbir Singh (DIN: 06887978) as a Non-Executive & Independent Director for 3 years from May 15, 2025, filling the vacancy left by the resignation of Ms. Binitha Manohar Dalal on April 25, 2025. The second is the regularization of Mr. Gurnam Singh (DIN: 08357396) as a Non-Executive & Independent Director for 3 years from May 28, 2025; he previously served on the board from Feb 2019 to Feb 2024. Both candidates bring 35+ years of experience from IFCI Ltd. and State Bank Group respectively. E-voting runs from July 4, 2025 to August 2, 2025, with results due by August 5, 2025.
This is a routine corporate governance matter with no direct impact on stock price or business operations. However, the addition of two senior banking and finance professionals to the board may strengthen financial oversight and governance for shareholders.