Styrenix Performance Materials Limited has informed the Exchange regarding the Notice of Postal Ballot dated January 29, 2026.
STYRENIX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Styrenix Performance Materials has sent out a postal ballot notice to shareholders seeking approval (via special resolution) for the re-appointment of Mr. Ravishankar B. Kompalli (DIN: 06458292) as Whole-time Director for a further 2-year term, from April 1, 2026 to March 31, 2028. Mr. Kompalli, aged 70 with 48 years of experience in styrenic polymers, will receive a basic salary and perquisites/allowances each capped at INR 60.50 lakh per annum (total up to ~INR 1.21 crore), with provisions for up to 10% annual increments. A special resolution is required because he has crossed 70 years of age. The e-voting window runs from March 16, 2026 to April 14, 2026, with results to be announced by April 16, 2026.
This is a routine governance event seeking shareholder approval to retain an experienced technical director. Shareholders should exercise their vote during the e-voting window. The re-appointment is unlikely to materially impact the stock price as it involves an existing director with a defined, modest pay package, but it provides continuity in leadership.