Pursuant to Regulation 30 of SEBI (LoDR) Regulation, 2015, please find enclosed here with a copy of Notice of Postal Ballot which is being circulated to all the shareholders of the company ....
SAPPL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shree Ajit Pulp and Paper Ltd has sent a Postal Ballot notice to shareholders seeking approval for three special resolutions through remote e-voting. The first resolution seeks re-appointment of Mr. Yogesh Valjibhai Kabaria as an Independent Director for a second 5-year term from December 2, 2025 to December 1, 2030. The second resolution seeks re-appointment of Mrs. Bela G. Shah as Whole-time Director and CFO for 3 years from February 7, 2026, with a salary of Rs. 15 lakh per month plus commission up to 5% of net profits. The third resolution seeks re-appointment of Mr. Gautam D. Shah as Managing Director for 3 years from July 1, 2026 on similar remuneration terms. E-voting starts on February 18, 2026 and ends on March 19, 2026, with results to be announced by March 21, 2026. The cut-off date for eligibility is February 13, 2026. Mrs. Bela Shah and Mr. Gautam Shah are related and are both promoter-family directors.
This is a routine governance exercise that re-appoints the existing board including the promoter-couple MD and CFO, along with an independent director. Shareholders should note the executive remuneration of Rs. 15 lakh per month plus performance-linked commission capped at 5% of net profits for the MD and CFO. No material impact on share price is expected as these are continuity re-appointments.