We enclose herewith Notice of postal ballot dated 9th may 2026 together with Explanatory Statement for seeking approval of members for the special business as set out in the notice. The ....
SAHYADRI · price
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Sahyadri Industries Limited has initiated a postal ballot to seek shareholder approval for two special business items. First, the appointment of Mr. Sunil Suratwala (DIN: 00490715), a Chartered Accountant with over 35 years of experience in assurance services, compliance, advisory, and corporate law/taxation, as a Non-Executive Independent Director for a five-year term effective 9th May 2026. Second, the re-appointment of Mrs. Moushmi Shaha (DIN: 02915342), who holds a Master's degree in Commerce and is a Chartered Accountant with over 21 years of experience in finance, accounts, and audits, for a second five-year term commencing 22nd July 2026. Both candidates have submitted independence declarations and are recommended by the Nomination and Remuneration Committee. The e-voting period runs from 24th May 2026 to 22nd June 2026, with results to be announced by 24th June 2026. Neither director holds any shares in the company, and no remuneration beyond sitting fees is proposed.
Both appointments are routine governance matters to strengthen the board with experienced independent directors. No immediate impact on stock price expected; shareholder approval is expected given the routine nature of the resolutions.