Parag Milk Foods Limited has informed the Exchange regarding Notice of Postal Ballot
PARAGMILK · price
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Parag Milk Foods has issued a Postal Ballot Notice dated June 6, 2025, seeking shareholder approval through remote e-voting for six special business items. Three new Independent Directors are proposed for appointment: Ms. Namrata Garud, Mr. Milind Patil, and Mr. Amitabha Mukhopadhyay, each for a 5-year term. Additionally, three executive directors are proposed for re-appointment: Mr. Devendra Shah as Chairman & Whole-time Director, Mr. Pritam Shah as Managing Director, and Ms. Akshali Shah as Executive Director, all for 5-year terms effective April 1, 2025. Voting opens on June 20, 2025 at 9:00 AM IST and closes on July 19, 2025 at 5:00 PM IST, with results expected on or before July 22, 2025. The cut-off date for eligibility is June 13, 2025, and NSDL has been engaged as the e-voting facilitator.
This is a routine governance exercise and does not signal any material change in business operations. Shareholders should review the proposed remuneration for executive directors, as their re-appointments include salary, perquisites, and performance incentives. The outcome is unlikely to cause significant stock price movement unless shareholder dissent is unusually high.