Sagardeep Alloys Limited has informed the Exchange regarding Notice of Postal Ballot
SAGARDEEP · price
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Awaiting price reaction for this filing.
Sagardeep Alloys has sent a Postal Ballot Notice to its shareholders seeking approval for two director appointments. The first item is the appointment of Mr. Amit Soni as an Independent Director for a 5-year term (August 15, 2025 to August 14, 2030) via a Special Resolution; he has over 10 years of experience in jewelry and precious-metals trading. The second item is the appointment of Mrs. Sangita Satishkumar Mehta, wife of the Managing Director, as a Non-Executive Non-Independent Director via an Ordinary Resolution; she currently holds 13,81,250 equity shares in the company. E-voting will be conducted through CDSL from July 17, 2025 (9:00 AM) to August 15, 2025 (5:00 PM), with the cut-off date for eligibility set as July 11, 2025. The scrutinizer for the process is Mr. Brajesh Gupta. No remuneration is proposed to be paid to either appointee.
This is a routine governance announcement and is unlikely to materially affect the stock price. Shareholders should review the proposed appointments and cast their votes during the e-voting window if they wish to participate. The appointment of a director with precious-metals trading experience could be relevant to the company's business direction.