Intimation of Postal Ballot Notice
Price
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Awaiting price reaction for this filing.
Sharika Enterprises has sent out a postal ballot notice seeking shareholder approval to appoint Mr. Tej Kishen Wali (DIN: 02413663) as a Non-Executive Independent Director for a 5-year term from January 27, 2026 to January 26, 2031. He was initially appointed as an Additional Director by the Board on January 27, 2026, and this vote is to regularise his appointment under Section 149 and Regulation 25(2A) of SEBI LODR. A separate approval is also being sought for his continuation post his 75th birthday, which falls on March 17, 2027, as required under Regulation 17(1A). Mr. Wali is a 73-year-old electrical engineer with over 43 years of experience in the power sector, including stints with Power Grid, NHPC, and IFC/World Bank group, and currently holds no shareholding in the company. E-voting runs from February 5 to March 6, 2026, with results expected by March 9, 2026.
This is a routine governance action to bring an additional independent director on board and is unlikely to have a material impact on the stock price. Shareholders only need to note the voting window and cast their votes electronically.