Submission of Notice of Postal Ballot.
Price
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The company has issued a postal ballot notice seeking shareholder approval for the re-appointment of Mr. Jigar Rajendra Sheth as an Independent Director for a second term of 5 years (April 22, 2026 to April 21, 2031). Mr. Sheth was first appointed as Independent Director on April 22, 2021, and his current term expires on April 21, 2026. The Nomination and Remuneration Committee and Board have recommended his re-appointment based on positive performance evaluation. Remote e-voting will be open from May 2, 2026 to May 31, 2026, with results to be declared by June 2, 2026. This is a Special Resolution requiring passing by requisite majority.
Shareholders should note this is a routine governance matter. The re-appointment maintains board independence and continuity. Passing is expected given board recommendation. No direct impact on stock price anticipated.