Poddar Pigments Limited has informed the Exchange regarding Notice of Postal Ballot
PODDARMENT · price
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Poddar Pigments has issued a Postal Ballot notice to seek shareholder approval for the appointment of Shri Visvanathan Muthukumar (DIN: 00584405) as a Non-Executive Independent Director for a term from February 27, 2026 to September 30, 2030. The appointment requires approval through a Special Resolution, as he was initially appointed as an Additional Director by the Board and now needs shareholder consent within the SEBI-mandated three-month window. Remote e-voting will be conducted via CDSL from March 13, 2026 (9:00 AM) to April 11, 2026 (5:00 PM), with March 6, 2026 as the cut-off date. Mr. Muthukumar is a Chartered Accountant with over four decades of experience in finance, taxation, and MIS, having held senior roles at Larsen & Toubro and the Murugappa Group. He will only receive sitting fees from FY26-27 onwards and currently holds no shares in the company.
This is a routine corporate governance action and a regulatory formality to formalize the Board appointment. There is no direct financial impact on shareholders; the appointee will only receive sitting fees, not regular remuneration. The stock price is unlikely to be materially affected as this is a standard board reconstitution process.