Postal ballot seeks director approval and two land development deals
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Shareholders will vote by electronic ballot from 29 October to 27 November 2026 on three items: appointing Parul Rajesh as an independent director for five years, approving a land development agreement with promoter and managing director Ashish Patel capped at Rs 4.50 crore a year for five years, and approving a similar agreement with Radhe Infrastructure and Projects capped at Rs 4 crore a year for five years. Results are due by 1 December.
Approval could add development revenue without buying land and strengthen board independence. Risks include related-party deal execution and vote uncertainty.