Postal Ballot Notice dated April 24, 2026
SANATHAN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sanathan Textiles is seeking shareholder approval via postal ballot for two special resolutions. First, the re-appointment of Mrs. Rupal Anand Vora as an Independent Director for a second term of three years (April 1, 2026 to March 31, 2029). Mrs. Vora has been on the board since 2023 and brings expertise in strategic finance, legal, and risk management. She is a non-executive director who shall not be liable to retire by rotation. Second, the company is seeking to ratify and extend the Employee Stock Option Plan (ESOP 2021) to employees of its subsidiary companies, including Sanathan Polycot Private Limited. The ESOP scheme has a total pool of 8,00,000 options, with 2,10,690 options currently valid and outstanding at an exercise price of Rs. 426.15 per share. The e-voting period runs from May 8, 2026 to June 6, 2026.
Both resolutions are routine governance matters with minimal direct impact on stock price. The re-appointment maintains board continuity while the ESOP extension helps retain talent in subsidiary operations.