1.Approval of Postal Ballot Notice and Explanatory Statement 2.Fixing of Cut off date for postal ballot
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Sandu Pharmaceuticals' Board of Directors met on 14th October 2025 and approved a Postal Ballot Notice along with the Explanatory Statement. The postal ballot will seek shareholder approval to reclassify M/s Akshath Finvest and Properties Private Limited from the 'Promoter/Promoter Group' category to the 'Public' category. The notice will be sent electronically to members whose email addresses are registered with the company or depositories. The cut-off date to determine the entitlement of members for remote e-voting has been fixed as Wednesday, 15th October 2025.
This reclassification will reduce the company's promoter group shareholding, with Akshath Finvest moving to the public category. The change is procedural and does not alter the underlying shareholding or business operations, but it will require shareholder approval through the postal ballot process.