Notice of Postal Ballot for seeking approval through Special Resolution for the appointment of Mrs. Neelam Wadhwa (DIN 00050911) as Whole Time Director of the company liable retire by rotation.
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Awaiting price reaction for this filing.
Seasons Textiles is seeking shareholder approval via postal ballot to appoint Mrs. Neelam Wadhwa (DIN: 00050911) as Whole-Time Director for 5 years effective 17 October 2025. Notably, her re-appointment as Director at the September 2024 AGM failed to secure the required shareholder approval, causing her to cease holding office. She is now being brought back in an executive capacity. Mrs. Wadhwa holds 18.67% stake in the company and is the wife of CMD Inderjeet Singh Wadhwa and mother of non-executive director Sumer Singh Wadhwa. Her proposed basic salary ranges from Rs 1,32,000 to Rs 1,80,000 per month, plus perquisites. E-voting runs from 18 September to 17 October 2025, with results to be announced by 18 October 2025.
This is effectively a promoter family re-entry to the executive board after members previously rejected her re-appointment, which may raise governance concerns. Shareholders should weigh the director's industry experience against the prior voting outcome before casting their votes.