Intimation of Notice of Postal Ballot
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SRU Steels Ltd has dispatched a Postal Ballot Notice to shareholders seeking approval via e-voting for four director appointments. The resolutions include: (1) appointment of Mr. Akhil Arora as Executive Managing Director for 5 years effective November 13, 2025, with a proposed remuneration of Rs. 6,00,000 per annum; (2) appointment of Mr. Anand Singh as Non-Executive Non-Independent Director; (3) appointment of Mrs. Meenu Jain as Non-Executive Independent Director; and (4) appointment of Mr. Naveen Sharma as Non-Executive Independent Director. The cut-off date for shareholder eligibility is December 26, 2025. E-voting will be conducted through CDSL from December 31, 2025 (9:00 AM) to January 29, 2026 (5:00 PM), with results to be announced within 2 working days thereafter. Mr. Akhil Arora (15 years in marketing) will also continue as Managing Director, while the other appointees bring experience in accounts/finance, company law/compliances, and management respectively.
This is a routine governance exercise requiring shareholder approval for board appointments. The resolutions are largely procedural since most directors have already been appointed as Additional Directors and are seeking formal confirmation. The Rs. 6 lakh annual remuneration for the Managing Director is modest. No material financial or operational impact is expected for shareholders.