Copy of Postal Ballot Notice
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
RDB Infrastructure and Power Ltd has issued a Postal Ballot Notice (dated 04 June 2026) seeking shareholder approval to regularize the appointment of Mr. Shubham Vaidya (DIN: 11294349) as Managing Director for a 3-year term (09 April 2026 to 08 April 2029), following the cessation of Mr. Amit Kumar Goyal as MD on 10 December 2025. He will receive a CTC salary of Rs. 1 lakh per month and has no other directorships, holds no shares, and is unrelated to any existing director or promoter. E-voting runs from 07 June 2026 (9:00 AM) to 06 July 2026 (5:00 PM), with results to be announced on 08 July 2026. The company has reported strong financial growth, with profit after tax rising from Rs. 269.16 lakhs in FY24 to Rs. 1,252.44 lakhs in FY26 on revenues of Rs. 14,260.11 lakhs. The resolution needs to be passed as a Special Resolution under Section 196/197 of the Companies Act, 2013.
Existing shareholders should review the proposed MD's credentials and remuneration before voting. The appointment of a 27-year-old MD with finance/investment background signals a possible strategic shift, though the relatively modest salary limits immediate cost impact on the company.