Sumit Woods Limited has informed the Exchange about Copy of Newspaper Publication
SUMIT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sumit Woods Limited has issued a postal ballot notice seeking shareholder approval via remote e-voting for a special resolution to allow Mr. Mitaram Jangid (DIN: 00043757) to continue as Managing Director after attaining the age of 70 years. The e-voting period runs from 9:00 AM on 9th May 2026 to 5:00 PM on 8th June 2026, with the result to be declared by 10th June 2026. The notice was emailed to members as of the cut-off date of 1st May 2026. Physical postal ballot forms are not being sent due to MCA COVID-era circular relaxations. NSDL is providing the e-voting platform, and Mr. Vijay Yadav of AVS & Associates has been appointed as scrutinizer.
If approved, this allows the existing Managing Director to continue in his role beyond the conventional retirement age of 70, providing continuity in leadership. Shareholders should evaluate the justification for this extension carefully.