Approval of the Draft Postal Ballot Notice and Explanatory Statement
Price
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Awaiting price reaction for this filing.
Sandu Pharmaceuticals' Board of Directors met on 14 October 2025 and approved the draft Postal Ballot Notice along with its Explanatory Statement. The postal ballot seeks shareholders' approval to re-classify M/s Akshath Finvest and Properties Private Limited from the 'Promoter/Promoter Group' category to the 'Public' category. The cut-off date to determine members eligible to vote via remote e-voting has been fixed as Wednesday, 15 October 2025. The notice will be sent electronically to members whose email IDs are registered with the company or depositories. Voting will be conducted entirely through remote e-voting as per SEBI and MCA guidelines.
This is a procedural corporate governance step that shifts one entity from the promoter group to the public category, which may marginally change the company's promoter shareholding classification. It is unlikely to have an immediate material impact on stock price or business operations.