Spectrum Electrical Industries Limited has informed the Exchange about Copy of Newspaper Publication for Postal Ballot.
SPECTRUM · price
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Spectrum Electrical Industries Limited has informed the stock exchanges about the publication of its Postal Ballot Notice in 'The Times of India' (English) and 'Divya Marathi' (Marathi) on 10th April 2025. The Postal Ballot seeks shareholder approval for a Special Resolution to appoint Mrs. Priya Rathi (DIN: 10940833) as a Non-Executive Independent Director for a first term of 5 years. The Notice was dispatched electronically on 9th April 2025, with the cut-off date set as 28th March 2025. Remote e-voting through NSDL commences on 10th April 2025 at 9:00 AM and closes on 9th May 2025 at 5:00 PM. Voting results are expected to be announced on or before 12th May 2025.
The appointment of a new Independent Director strengthens the board's composition, but the resolution itself is routine and unlikely to materially affect share price. Shareholders holding shares as of 28th March 2025 should cast their e-vote before 9th May 2025 if they wish to participate in the decision.