Notice of postal ballot.
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Awaiting price reaction for this filing.
Sugs Lloyd Ltd has sent a postal ballot notice to shareholders seeking approval for four resolutions via remote e-voting (November 19 to December 18, 2025; cut-off date November 14, 2025). Three of the resolutions propose restructuring of top management roles effective November 12, 2025 till June 10, 2029: re-designation of Mr. Kapil Dev Marwah from Whole-Time Director to Executive Director, Mrs. Priti Shah from Managing Director to Whole Time Director, and Mr. Santosh Kumar Shah (spouse of Mrs. Priti Shah) from Non-Executive Director to Managing Director and Executive Chairman. The fourth resolution is the appointment of M/s. Pramod Kothari & Co., Practicing Company Secretaries, as the company's Secretarial Auditor for five consecutive years from April 1, 2025 to March 31, 2030. Mr. Santosh Kumar Shah was newly appointed as Executive Director by the Board on November 12, 2025 and is now being elevated to MD/Chairman, making this a notable promoter-family leadership restructure.
Shareholders are being asked to vote on a significant top-level management reshuffle that consolidates executive power in the promoter family (Mr. Santosh Kumar Shah and Mrs. Priti Shah). Remuneration terms remain unchanged for the re-designated directors; no fresh dilution or capital action is proposed. Approval is largely procedural and expected to pass, but minority shareholders should track the outcome of the December 18 e-voting.