Please find enclosed Notice of Postal Ballot dated 22.04.2026.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Uday Jewellery Industries Ltd is seeking shareholder approval via postal ballot for 5 resolutions. Key proposals include: (1) Appointment of Shri Sanjay Kumar Sanghi as Chairman and Managing Director (Corporate Affairs) for 5 years at Rs 6 lakh monthly remuneration, (2) Change in designation of Shri Ritesh Kumar Sanghi from Managing Director to Joint Managing Director (Operations) with no change in terms, (3) Regularization and appointment of Mrs Bhavna Sanghi as Whole-Time Director for 5 years at Rs 4 lakh monthly remuneration, and (4) Regularization of Ms Donthineni Srilekha as Non-Executive Independent Director for 5 years with Rs 1.5 lakh annual sitting fees. Three of the appointees (Sanjay, Ritesh, Bhavna) belong to the Sanghi family, while Ms Srilekha is an independent professional. Remote e-voting runs from May 16 to June 14, 2026.
The resolutions signal continued family control of the company with key leadership changes. Shareholders should note that four out of five appointees have familial ties, while the independent director brings professional qualifications in corporate law and compliance. The changes may strengthen operational structure but shareholders should assess governance implications of concentrated family management.