Signatureglobal (India) Limited has informed the Exchange regarding Notice of Postal Ballot
SIGNATURE · price
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Signatureglobal (India) Limited is seeking shareholder approval via postal ballot for appointment of Mr. Bharat Bhushan (DIN: 03199591) as a Non-Executive Independent Director. The appointment is required because the company lost its previous Independent Director, Mr. Kundan Mal Agarwal, who passed away on 18th February, 2026. Under SEBI regulations, companies with an Executive Chairperson must have at least half of their Board as Independent Directors. Mr. Bharat Bhushan, a 67-year-old Company Secretary with over 44 years of experience in academia and corporate governance, was appointed as Additional Director effective 13th May, 2026. The postal ballot voting period runs from 30th May to 28th June, 2026.
The appointment restores the company's Board independence compliance under SEBI regulations. This is a routine governance matter with minimal direct impact on stock price, but ensures the Board composition meets regulatory requirements.