Shamrock Industrial Company Limited has issued the Notice of Postal Ballot
Awaiting price reaction for this filing.
Shamrock Industrial Company has issued a postal ballot notice seeking shareholder approval for 7 resolutions via remote e-voting from January 23, 2026 to February 21, 2026. The resolutions include appointing Mr. Rattan Kapoor as Managing Director & CEO, Mr. Rahul Manoj Rajani as Whole-time Director & CFO, Mr. Bagepalli Vijayakumar Harish as Executive Director, and Mr. Sandeep Sehgal as Non-Executive Director, each for a 5-year term. Each executive director is proposed to receive remuneration of up to Rs. 75 lakh per annum, payable only once the company generates profits. The company is also seeking approval to appoint M/s. Motilal & Associates LLP as statutory auditor to fill the casual vacancy left by the resignation of M/s. Devpura Navlakha & Co. This follows a Share Purchase Agreement dated May 29, 2025 and the transfer of shares from existing promoters to acquirers on September 27, 2025, marking a change of control.
Shareholders should vote by February 21, 2026 on these governance changes. The filing signals a complete change of management and control of the company under new promoters, with new key executives being formally inducted. Execution risk is low since new directors were already appointed on the board from October 2025 subject to shareholder ratification.