Shanthi Gears Limited has informed the Exchange regarding Notice of Postal Ballot and E-Voting
SHANTIGEAR · price
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Shanthi Gears Limited has issued a Postal Ballot notice seeking shareholder approval through e-voting for two special business items. The first item is the appointment of Ms. Aruna Thangaraj (DIN: 07444726) as a Non-Executive Independent Director for a 5-year term from 30th July 2025 to 29th July 2030. The second item is the approval to pay a commission of Rs. 1 crore to Mr. M A M Arunachalam, the Non-Executive Chairman, for the financial year 2024-25, which exceeds 50% of the total remuneration payable to all other Non-Executive Directors. The e-voting window runs from 19th August 2025 (9:00 AM) to 17th September 2025 (5:00 PM), with results expected on or before 19th September 2025. Mr. M.D. Selvaraj of MDS & Associates LLP has been appointed as the Scrutinizer to oversee the process.
Shareholders should review both proposals and cast their votes during the e-voting window. The appointment of a new Independent Director strengthens board oversight, while the Rs. 1 crore commission to the Chairman is within the overall 1% of net profits limit for all Non-Executive Directors combined. Both items require approval as Special Resolutions.