Notice of Postal Ballot through e-voting commencing from Wednesday, December 3, 2025 (9.00 A.M. IST) and ending on Thursday, January 1, 2026 (5.00 P.M. IST) both days inclusive.
Price
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Awaiting price reaction for this filing.
Shri Vasuprada Plantations Ltd (formerly Joonktollee Tea & Industries Ltd) has issued a Postal Ballot Notice seeking shareholder approval for the re-appointment of Mr. Indrajit Roy (DIN: 09760378) as Wholetime Director designated as Executive Director for a further 3-year term effective November 11, 2025. E-voting via CDSL runs from December 3, 2025 (9:00 AM) to January 1, 2026 (5:00 PM), with the cut-off date being November 28, 2025. The proposed salary range is ₹5,00,000 to ₹12,00,000 per month, against last drawn remuneration of ₹78.47 lacs per annum. Disclosed financials show a clear turnaround: FY2025 PAT of ₹568.66 lacs versus losses of ₹830.96 lacs in FY2024 and ₹963.48 lacs in FY2023, on revenue of ₹12,257.99 lacs (up from ₹9,735.98 lacs). Mr. Roy, aged 64, brings 44 years of tea industry experience and holds no shares in the company.
This is a routine governance vote and is unlikely to move the stock price meaningfully. However, the disclosed FY2025 swing from heavy losses to a ₹568.66 lac profit is a positive signal of operational recovery for shareholders.