Announced Fri, 20 Mar · 09:55 IST

Notice of Postal Ballot

Management Changes View source PDF

Price

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Price reaction · full curve 14 horizons · vs prior close
-2.6%1-day move
₹24.90
prior close
₹25.80
base price
In-mkt
timing
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-0.4-0.4-0.4-3.9-2.6+0.8+0.0-3.7-3.6+2.4+8.4+7.5+2.8+6.4
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AI summary

Transcorp International has sent a Postal Ballot notice to shareholders seeking approval to appoint Mr. Abhinav Banthia (DIN: 01122509) as a Non-Executive Independent Director for a five-year term from 4 February 2026 to 3 February 2031. The appointment was already cleared by the Board and Nomination & Remuneration Committee on 4 February 2026, and shareholder approval is now required under SEBI rules. If approved, he will receive Rs. 75,000 per quarter plus sitting fees of Rs. 10,000 per Board meeting and Rs. 5,000 per Committee meeting, along with travel reimbursement. Mr. Banthia is the Managing Director of MANU Yantralaya Private Limited, a former Chairman of CII Rajasthan (2023-24), and already holds 20,106 equity shares in the company. Remote e-voting runs from 28 March 2026 to 26 April 2026, with results expected on 27 April 2026.

Likely market impact

This is a routine governance action to formalize an independent director's appointment through shareholder vote. Minimal impact on stock price; it simply strengthens the board's independent oversight.