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Shristi Infrastructure Development Corporation has sent a Postal Ballot Notice to shareholders seeking approval for the re-appointment of Mr. Sunil Jha (DIN: 00085667) as Managing Director for a fresh 3-year term from March 4, 2026 to March 3, 2029. Mr. Jha, a Chartered Accountant and Harvard Business School alumnus, has been with the company for 23 years and his earlier 3-year term ended on March 3, 2026. Notably, he has opted to receive zero remuneration. E-voting opens on March 18, 2026 and closes on April 16, 2026, with results expected by April 17, 2026. The company, in infrastructure and real estate, has shown improving turnover (Rs. 15,367.66 lakhs in FY25 vs Rs. 5,613.73 lakhs in FY23) but continues to report losses, with reserves in the negative.
This is a routine leadership continuity move and carries no negative governance signal — the MD is an internal, long-serving candidate taking no salary. Shareholders should vote on the resolution; outcome is unlikely to materially affect stock price.