Suvidhaa Infoserve Limited has informed the Exchange regarding Notice of Postal Ballot
SUVIDHAA · price
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Suvidhaa Infoserve Limited has issued a Postal Ballot notice seeking member approval on three items. First, re-appointment of Shail Shah as Independent Director for a second term of 5 years (Feb 2026-Feb 2031). Second, re-appointment of Ritesh Chothani as Independent Director for a second term of 5 years (Feb 2026-Feb 2031). Both require special resolutions. Third, an ordinary resolution to increase the authorised share capital from Rs 25 crore to Rs 30 crore by adding 5 crore new equity shares of Re 1 each. The e-voting period runs from April 11, 2026 to May 10, 2026, with results to be declared by May 11, 2026.
The re-appointments of both independent directors signal board stability and continuity of governance oversight. The Rs 5 crore capital increase provides headroom for future fund-raising, acquisitions, or business expansion, which could be positive for long-term growth prospects.