Seshasayee Paper and Boards Limited has informed the Exchange about Copy of Newspaper Publication regarding Postal ballot Notice
SESHAPAPER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Seshasayee Paper and Boards has issued a Postal Ballot Notice seeking shareholder approval for two director appointments. Sri Kumar Jayant, an IAS officer, is proposed as a Nominee Director (not liable to retire by rotation), and Sri Ashish Kumar Srivastava, an IFS officer, is proposed as a Nominee Director (liable to retire by rotation). The Postal Ballot Notice was sent to shareholders on June 23, 2025, with a cut-off date of June 20, 2025. E-voting will be open from June 25, 2025 (9:00 AM) to July 24, 2025 (5:00 PM), and results will be announced on July 25, 2025. Sri K Sankarasubramanian has been appointed as Scrutiniser for the postal ballot process.
This is a routine corporate governance action seeking shareholder approval for two nominee director appointments. Since both appointees are senior government officials (IAS and IFS officers), this likely reflects a government or institutional shareholder exercising its nomination rights. No immediate material impact on share price is expected, though the appointments will slightly change the board composition.