Notice of Postal ballot and E-voting Instruction.
SHILCTECH · price
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Shilchar Technologies has issued a postal ballot notice to shareholders seeking approval for the re-appointment of Mr. Rajesh Varma (DIN: 01034325) as a Non-Executive Independent Director for a second term of 5 years, from February 8, 2025 to February 7, 2030. His first term of 5 years expired on February 8, 2025, and the Board, at its January 30, 2025 meeting, recommended his re-appointment based on his performance evaluation and experience in advanced management, risk assessment, internal controls, and corporate governance. Mr. Rajesh Varma, aged 61, is a B.Com and FCA qualified professional who currently serves as Chairman of the Audit Committee. The e-voting period runs from May 15, 2025 to June 13, 2025, and results will be announced within two working days after that.
This is a routine corporate governance action with no material impact on shareholders or stock price. A re-appointment ensures continuity on the board and audit committee; however, shareholders should review whether they want to support retaining the same independent director for another 5-year term.