Rhetan TMT Limited has informed the Exchange regarding Notice of Postal Ballot
RHETAN · price
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Awaiting price reaction for this filing.
Rhetan TMT Limited has issued a Postal Ballot Notice to shareholders seeking approval for the regularization of Mr. Swapnil Sharad Shimpi (DIN: 10469352) as a Non-Executive Independent Director for a 5-year term from 10th November 2025 to 9th November 2030. Mr. Shimpi, aged 45, holds an MBA in Marketing and was initially appointed as an Additional Director on 10th November 2025, with this postal ballot seeking shareholder confirmation as required under SEBI listing rules. E-voting opens on 6th January 2026 at 9:00 AM and closes on 4th February 2026 at 5:00 PM, with the cut-off date for eligibility set as 2nd January 2026. The resolution will be passed as a Special Resolution, and results are expected to be declared on or before 6th February 2026. Shareholders can vote only through electronic mode via CDSL's e-voting platform.
This is a routine governance matter with no material financial impact on the company. Shareholders should review the proposed independent director's profile and vote during the e-voting window. The appointment brings marketing and analytical expertise to the board, but is not expected to move the stock price.