The Peria Karamalai Tea & Produce Company Limited has informed the Exchange regarding Notice of Postal Ballot
PKTEA · price
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The Peria Karamalai Tea & Produce Company Limited (Scrip: PKTEA) has issued a Postal Ballot Notice to its members seeking approval through a Special Resolution. The only item on the ballot is the re-appointment of Mr. Gaurav Jalan (DIN: 00111070) as an Independent Non-Executive Director for a second term of 5 consecutive years, effective from November 10, 2025 to November 9, 2030. His first 5-year term, which began on November 10, 2020, expired on November 9, 2025. The e-voting window runs from December 31, 2025 (9:00 AM) to January 29, 2026 (5:00 PM), with CDSL acting as the e-voting agency and M/s Vinod Kothari & Company appointed as the Scrutinizer. The cut-off date for determining eligible voters is December 26, 2025. Mr. Jalan, aged 53, is part of the L N Bangur Group and holds directorships in several group companies; he draws Rs. 75,000 in sitting fees and holds no equity shares in the company.
This is a routine corporate governance action with no direct impact on the company's financials, operations, or stock price. Approval of the resolution is largely procedural, as the Board and Nomination & Remuneration Committee have already recommended Mr. Jalan's re-appointment. Shareholders holding shares as of December 26, 2025 should exercise their vote during the e-voting window.