Intimation regarding Notice of Postal Ballot dated April 24, 2025
RAJOOENG · price
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Rajoo Engineers Limited has issued a Postal Ballot notice seeking shareholder approval via remote e-voting (from May 3 to June 1, 2025) for two special resolutions. The first is the appointment of CA Jinal Hasmukhbhai Rupani (DIN: 11029766), a Chartered Accountant with over a decade of experience in consultancy, finance, and banking, as a Non-Executive Independent Director for a 5-year term effective April 1, 2025. The second resolution seeks approval to change the designation of Mr. Pratik Rajendrabhai Kothari (DIN: 03550736) from Non-Executive Independent Director to Non-Executive Non-Independent Director effective April 24, 2025, citing his 17 years of experience in the plastic industry and value to design, R&D, and overseas marketing. The e-voting process is being facilitated by NSDL, with CS Nirav D Vekariya appointed as scrutinizer.
The reclassification of Mr. Kothari from Independent to Non-Independent Director reduces the count of independent directors on the board, while the appointment of Ms. Rupani aims to maintain board composition. Shareholders holding shares as on April 30, 2025 (cut-off date) need to cast their votes electronically before June 1, 2025.