Postal Ballot - Notice of Postal Ballot
Awaiting price reaction for this filing.
McNally Bharat Engineering Company has issued a Postal Ballot Notice to shareholders seeking approval for three Special Resolutions through remote e-voting. The first resolution seeks shareholder approval for the appointment of Ms. Poonam Singhania as a Non-executive Non-independent Director, effective October 1, 2025. The second resolution seeks approval for appointing Mr. Debidas Datta (aged 76), a former civil engineer with extensive experience in corporate governance and project execution, as an Independent Director for a five-year term from December 1, 2025 to November 30, 2030. The third resolution seeks approval for appointing Mr. Mehar Chand Thakur (aged 73), a retired Indian Revenue Service officer with expertise in revenue, customs, and policy formulation, as an Independent Director for five years from October 22, 2025 to October 21, 2030. The e-voting window runs from November 2, 2025 (10:00 AM) to December 1, 2025 (5:00 PM), with results to be declared by December 3, 2025. NSDL has been engaged as the e-voting service provider.
This is a routine governance action requiring shareholder approval for director appointments. If approved, the company will add two independent directors (including two senior professionals aged 73 and 76) and one non-executive director, which could strengthen board oversight. No immediate material impact on stock price is expected.