Notice of Postal Ballot through remote E-voting
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▲ 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 (formerly Himachal Fibres Ltd) has issued a Postal Ballot Notice dated May 29, 2025 seeking shareholder approval on three Special Resolutions through e-voting from June 12, 2025 to July 11, 2025. Resolution 1 seeks regularization 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 ₹3 lakh per month plus standard perquisites. Resolutions 2 and 3 seek approval for material related party transactions with Shiva Texfabs Limited and Yogindera Worsted Limited (both promoter-group entities under common control), each capped at ₹50 crore per transaction for FY ending March 31, 2026. Previous FY24-25 transactions with Shiva Texfabs totaled around ₹130.92 crore, indicating sizeable ongoing business with promoter-linked firms.
Routine governance exercise – shareholders should especially review the RPT resolutions, as the ₹50 crore per-transaction limits with promoter-group entities are large relative to the company's scale and could be a governance red flag if not closely monitored.