Sahyadri Industries Limited has informed the Exchange regarding Notice of Postal Ballot
SAHYADRI · price
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Sahyadri Industries Limited has issued a Postal Ballot Notice seeking shareholder approval for two items via special resolutions. First, the appointment of Mr. Sunil Suratwala as a Non-executive Independent Director for a 5-year term (9th May 2026 to 8th May 2031). Mr. Suratwala is a Chartered Accountant with over 35 years of experience in assurance services, compliance, advisory, and corporate law/taxation matters. He was previously appointed as Additional Director by the Board effective 9th May 2026. Second, the re-appointment of Mrs. Moushmi Shaha as Independent Director for a second term of 5 years (22nd July 2026 to 21st July 2031). Mrs. Shaha holds an M.Com degree, is a fellow member of ICAI, and has over 21 years of experience in finance, accounts, audits, and financial trainings. Both appointments are being ratified by shareholders as required under the Companies Act. E-voting period runs from 24th May 2026 to 22nd June 2026.
Both resolutions are routine governance matters. The appointment of Mr. Suratwala adds a finance and compliance expert to the board, while Mrs. Shaha's re-appointment ensures continuity in independent oversight. No significant impact on stock price expected, as these are standard board strengthening exercises.