Notice of Postal Ballot
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TANFAC Industries Limited has issued a Postal Ballot notice seeking shareholder approval for two special resolutions to appoint Independent Directors. The first resolution is to appoint Dr. R. K. Tyagi (DIN: 01509031), aged 70, a former Chairman and Managing Director of Pawan Hans Helicopters Limited and ex-Chairman of Hindusthan Aeronautics Limited, with 45 years of experience. The second is to appoint Mr. Amreek Singh Sandhu (DIN: 08064880), aged 65, a finance professional with over four decades of experience in corporate finance, treasury, audit, M&A and secretarial matters. Both were initially appointed as Additional Directors (Non-Executive, Independent) from April 1, 2025, and the Postal Ballot seeks to formalise their appointment for a five-year term ending March 31, 2030. Remote e-voting runs from May 12, 2025 (9:00 a.m.) to June 10, 2025 (5:00 p.m.), with the cut-off date set at May 8, 2025. Results will be announced by June 12, 2025.
This is a routine governance exercise to regularise the appointment of two Independent Directors. Shareholders simply need to vote on the resolutions during the e-voting window; there is no direct financial impact on the stock. Both appointees bring substantial industry and finance experience, which could strengthen board oversight.