Notice of Postal Ballot dated Feb 13, 2026 is attached
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Awaiting price reaction for this filing.
Sanco Trans Limited has issued a Postal Ballot notice dated February 13, 2026, seeking shareholder approval for the re-appointment of Mr. V. Upendran (DIN: 00557511) as Executive Chairman for a period of three years effective April 01, 2026. Mr. Upendran, aged 80, has led the company for over 38 years and currently holds 79,900 equity shares. The proposed monthly remuneration is Rs. 6,00,000 (Rs. 5,50,000 salary + Rs. 50,000 perquisites), unchanged from his previous term. The remote e-voting window runs from March 4, 2026 to April 2, 2026, with results to be announced on or before April 4, 2026. The company is in the logistics sector, with FY2025 revenue of Rs. 10,889 lakhs and profit after tax of Rs. 149.28 lakhs.
This is a routine management continuity proposal with no change in remuneration, unlikely to materially affect the stock price. Shareholders should vote during the e-voting window (March 4 to April 2, 2026) if they wish to participate in the decision.