The notice of postal ballot dated 12-12-2026 is hereby submitted
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Awaiting price reaction for this filing.
Shish Industries Limited has issued a Postal Ballot Notice dated February 12, 2026 seeking shareholder approval via remote e-voting for five items. Key proposals include: (1) Material Related Party Transactions with subsidiary Interstar Polyfab Private Limited (IPPL) covering investments, loans, guarantees, sale/purchase of goods, and job work services up to specified limits for FY 2026-27; (2) Revision in remuneration of Executive Director Mrs. Nitaben Satishkumar Maniya effective April 1, 2026; (3) Re-appointment of Mr. Nareshkumar Parshottambhai Lakhani as Independent Director for a second 5-year term up to January 7, 2031; (4) Approval to advance loans, guarantees, or security up to Rs. 35 crore to subsidiary Shish Advanced Composites Private Limited (SACPL) and other related entities under Section 185; and (5) Material Related Party Transactions with SACPL covering similar operational items. E-voting opens February 15, 2026 and closes March 16, 2026, with results to be declared by March 18, 2026.
For retail shareholders: the resolutions are largely procedural and routine in nature — approving related party transactions with the company's own subsidiaries, revising an executive director's pay, and confirming an independent director's continuation. The loan facility of up to Rs. 35 crore to SACPL signals continued financial support to the composites subsidiary. No open offer, acquisition, or major corporate action is triggered, so direct share price impact is expected to be limited unless shareholders vote against the remuneration or related party proposals.