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Techknowgreen Solutions Ltd has issued a Postal Ballot Notice seeking shareholder approval for material related party transactions with Anaya Consultancy Services (ACS) worth up to ₹10 crore in FY25-26. ACS is a proprietorship owned by the mother of Dr. Aniket Vijay Kadam, the company's Whole-time Director and CFO. The arrangement covers up to ₹8 crore in business receivable by TSL (early-stage project leads and environmental consultancy referrals) and up to ₹2 crore in business to be given to ACS for regulatory approval work such as PESO, MIDC, and environmental clearances. E-voting will run from June 6, 2025 (9:00 AM) to July 5, 2025 (5:00 PM) via NSDL, with results to be announced by July 7, 2025. Kulkarni Pore and Associates LLP has been appointed as scrutinizer for the process.
This is a routine procedural requirement under SEBI's related party transaction rules, which mandate shareholder approval when RPTs cross prescribed thresholds. Shareholders should review the rationale that ACS brings in business leads and regulatory expertise, while noting that the counterparty is linked to the CFO's family.