Notice of Postal Ballot through remote E-voting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rudra Ecovation Ltd has issued a Postal Ballot Notice dated May 29, 2025, seeking shareholder approval via remote e-voting (June 12, 2025 to July 11, 2025) on three Special Resolutions. The first resolution seeks approval to regularize the appointment of Mr. Akhilesh Kumar Tiwari (DIN: 11086015) as Executive Director and CEO for 5 years (May 9, 2025 to May 8, 2030) with a CTC of Rs. 3,00,000 per month plus HRA, PF, gratuity, and other benefits. The second and third resolutions seek approval for material related party transactions with Shiva Texfabs Limited and Yogindera Worsted Limited respectively, each capped at Rs. 50 crore for FY ending March 2026. Both are common control entities (common Director and Promoter), with prior transactions of around Rs. 130.92 crore (Shiva Texfabs) and Rs. 75.66 lakhs (Yogindera Worsted) already undertaken in FY25.
Shareholders should review the director remuneration terms and the significant related party transaction limits carefully, as both RPTs are with promoter-linked entities and have been classified as material. Voting is entirely electronic, with the cut-off date set as June 6, 2025 and results expected by July 15, 2025.