Seshasayee Paper and Boards Limited has informed the Exchange regarding Submission of Postal Ballot Notice
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Seshasayee Paper and Boards has sent out a Postal Ballot Notice to shareholders seeking approval for two director appointments. The first resolution is to appoint Sri Kumar Jayant, IAS (Chairman & MD of TIIC) as a Nominee Director not liable to retire by rotation, nominated by Tamilnadu Industrial Investment Corporation Limited (TIIC), which holds 14.27% of the company's equity. The second is to appoint Sri Ashish Kumar Srivastava, IFS, Special Secretary (Forests) as a Nominee Director liable to retire by rotation, nominated by the Environment, Climate Change and Forests Department, Government of Tamil Nadu. Both were already appointed as Additional Directors on June 13, 2025, replacing Dr. M. Sai Kumar, IAS and Sri T. Ritto Cyriac, IFS respectively. Voting is open from June 25, 2025 to July 24, 2025 via NSDL's e-voting platform, with results expected on July 25, 2025.
This is a routine governance step involving nominee directors representing the company's key government shareholders (TIIC and the Tamil Nadu Forest Department). No material change for retail shareholders as these are non-executive positions replacing outgoing nominees, and the appointments simply maintain existing board representation.