Postal Ballot Notice dated 27/03/2026 for passing of Resolutions as mentioned in the Notice proposed to be passed by members by way of remote e-voting only.
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Shri Dinesh Mills Ltd has issued a Postal Ballot Notice seeking shareholder approval through remote e-voting for three items. First, re-appointment of Ms. Reshma Patel as Non-Executive Independent Director for a second term of five years (15 March 2026 to 14 March 2031). Second, approval of remuneration for Shri Bharatbhai Patel, Chairman & Managing Director, for his unexpired tenure (1 April 2026 to 31 March 2028), with basic salary set at Rs. 10 lakh per month (up from Rs. 9 lakh) plus annual increments of Rs. 1 lakh and commission up to 1% of net profits. Third, appointment of Mrs. Tejal Rahul Amin as a new Non-Executive Independent Director for five years (28 March 2026 to 27 March 2031). The e-voting window runs from 1 April 2026 to 30 April 2026, with results to be announced on or before 2 May 2026.
These are routine governance items. The modest increase in CMD remuneration (~11% in basic salary) is in line with typical annual increments. The re-appointment and new appointment of independent directors should support board continuity and governance. No material impact on shareholders is expected as all three resolutions are procedural in nature.