Submission of Notice of Postal Ballot dated March 05, 2025, pursuant Regulation 30 of the Listing Regulations.
Awaiting price reaction for this filing.
Inox Wind Energy Limited has issued a Postal Ballot Notice dated 5th March 2025 seeking shareholder approval through e-voting for the re-appointment of Ms. Vanita Bhargava (DIN: 07156852) as an Independent Director for a second term of 1 year effective from 6th March 2025, as her first 5-year term ended on 5th March 2025. Ms. Bhargava is a Commerce and Law graduate from Delhi University and a partner at Khaitan & Co with over two decades of legal experience in dispute resolution and corporate law. She attended all 7 board meetings in FY 2024-25 and received Rs. 3,00,000 in sitting fees. The cut-off date for eligibility is 25th April 2025, with e-voting running from 1st May to 30th May 2025, and results to be declared by 3rd June 2025.
This is a routine governance matter with no material financial impact. Shareholders only need to vote electronically if they wish to influence the outcome; the re-appointment is expected to be approved given the NRC's recommendation and her full board attendance record.