Shree Rama Multi-Tech Limited has informed the Exchange regarding Notice of Postal Ballot
SHREERAMA · price
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Shree Rama Multi-Tech Limited has sent a Postal Ballot Notice to its members seeking approval through remote e-voting for two special resolutions. The first resolution seeks re-designation of Mr. Mittal K. Patel (currently a Non-Executive Non-Independent Director since February 2015) as an Independent Director for a 5-year term from April 30, 2025 to April 29, 2030, to strengthen board independence. The second resolution seeks appointment of Mr. Anuj J. Desai as an Independent Director for a similar 5-year term. The e-voting period runs from May 19, 2025 (9:00 AM) to June 18, 2025 (5:00 PM), with the cut-off date for eligibility being May 9, 2025. Results will be announced on or before June 20, 2025, and NSDL has been engaged to provide the e-voting facility.
This is a routine corporate governance action to ensure adequate independent directors on the board, with no direct financial impact on shareholders. The move to reclassify Mr. Patel as an Independent Director may improve corporate governance perception, but is unlikely to materially affect the stock price.