Newspaper publication of Postal Ballot Notice regarding Dispatch of Postal Ballot Notice
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Awaiting price reaction for this filing.
Sugs Lloyd Ltd has informed BSE about publishing newspaper advertisements in Jansatta (Hindi) and Financial Express (English) on November 18, 2025, confirming dispatch of its Postal Ballot Notice sent on November 17, 2025. The Postal Ballot seeks shareholder approval through remote e-voting for three Special Resolutions: redesignation of Mr. Kapil Dev Marweh from Whole-Time Director to Executive Director, redesignation of Mrs. Prit Shah from Managing Director to Whole-Time Director, and redesignation of Mr. Santosh Kumar Shah from Non-Executive Director to Managing Director and Executive Chairman. It also includes one Ordinary Resolution for the appointment of a Secretarial Auditor. The e-voting window runs from November 19, 2025 (9:00 AM) to December 18, 2025 (5:00 PM), with Mr. Pramod Kothan appointed as Scrutinizer and KFin Technologies as the e-voting facilitator.
This filing signals a major management restructuring with leadership roles being reshuffled, including elevation of Mr. Santosh Kumar Shah to Managing Director and Executive Chairman. Shareholders need to vote on these changes by December 18, 2025; the redesignations reflect a significant governance reshuffle that could affect the company's strategic direction.