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Sam Industries Limited has issued a Postal Ballot Notice for shareholder approval on two items. First, the appointment of Mr. Rajendra Kumar Pasari (DIN: 01508154) as a Whole-time Director for 3 years from May 12, 2025, with salary around Rs. 9 lakhs per annum. Second, approval for a Material Related Party Transaction involving the sale of unquoted equity shares of D&H Secheron Infrastructure Private Limited to promoter group companies (Dwekam Marketing Pvt Ltd, Sam Farms & Foods Pvt Ltd, and Sam Hoteliers & Resorts Pvt Ltd) valued at up to Rs. 3.00 Crores. The transaction equals approximately 22% of the company's annual consolidated turnover for FY 2024-25. E-voting will run from July 13, 2025 to August 11, 2025, with results announced by August 13, 2025.
Shareholders need to vote on both the Whole-time Director appointment and the related party share sale. Related parties will abstain from voting on Item No. 2. The sale of unquoted shares within the promoter group for liquidity purposes may be a routine internal restructuring, but shareholders should note the interconnections between the director being appointed and the buyer entities.