Submission of Notice of Postal Ballot
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shraddha Prime Projects Ltd (formerly Towa Sokki Limited, BSE: 531771) has filed a Postal Ballot Notice seeking shareholder approval on three resolutions through e-voting from June 8, 2026 (9:00 AM) to July 7, 2026 (5:00 PM), with the cut-off date set as June 5, 2026. The first item is the regularization of Mr. Vinay Madhukar Nayak (DIN: 08494834) as Non-Executive Non-Independent Director, who was appointed as Additional Director on April 9, 2026, and holds a Master's in International Business from University of Wales, Cardiff. The second is the re-appointment of Mr. Sudhir Balu Mehta as Managing Director for a further 5-year term (August 7, 2026 to August 6, 2031) at a proposed remuneration of Rs. 1.80 crore per annum — notably, he has not drawn any remuneration from the company so far. The third is the re-appointment of Ms. Shivangi Datta as Non-Executive Independent Women Director for a second 5-year term ending August 6, 2031. Results are to be announced by July 8, 2026, with Ms. Neeta H. Desai appointed as Scrutinizer and NSDL providing the e-voting platform.
The resolutions are largely routine board composition matters, but investors should note the proposed Rs. 1.80 crore annual remuneration for the Managing Director, which represents a brand-new expense line item — historically the MD has taken no pay. Shareholders on record as of June 5, 2026 must cast their e-votes through NSDL before 5:00 PM on July 7, 2026 to have their say on the resolutions.