Postal ballot on H K Malhotra's term extension
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On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 1.5 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The company will seek shareholders' approval by electronic postal ballot for extending H K Malhotra's term as Managing Director and CEO, where he currently holds additional charge. The record date is October 16, 2026. Remote voting runs from October 23 at 9:00 a.m. to November 21 at 5:00 p.m., with results due by November 24.
Approval would let H K Malhotra continue as Managing Director and CEO; no immediate financial terms were disclosed.