Intimation of Newspaper Publication of Postal Ballot Notice for Change in Designation of Mr. Amitabh Jaipuria - Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements), ....
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Updater Services Limited has informed stock exchanges about the newspaper publication and dispatch of a Postal Ballot Notice seeking shareholder approval for a special resolution. The resolution proposes changing the designation of Mr. Amitabh Jaipuria (DIN: 01864871) from Non-Executive Director to Senior Executive Director, along with his appointment as Whole-time Director and Key Managerial Personnel. The notice was published on May 26, 2026 in Financial Express (English) and Makkal Kural (Tamil). Remote e-voting started on May 27, 2026 at 9:00 AM IST and will conclude on June 25, 2026 at 5:00 PM IST. The cut-off date for determining eligible voters was May 22, 2026. Results are expected to be announced on or before June 26, 2026.
Shareholders should vote on this proposal as it represents a significant change in Mr. Jaipuria's role from non-executive to executive leadership position. This change will increase his executive responsibilities and involvement in day-to-day operations, which investors may view positively if it strengthens corporate governance or management capability.