Veedol Corporation Limited has informed the Exchange regarding Notice of Postal Ballot
VEEDOL · price
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Awaiting price reaction for this filing.
Veedol Corporation Limited has issued a postal ballot notice dated 26th August 2025 seeking shareholder approval for the appointment of Shri Brajesh Kumar Srivastava (DIN: 09835338) as a Non-Executive and Non-Independent Director, liable to retire by rotation, effective 26th August 2025. Mr. Srivastava was first appointed as Additional Director on 13th August 2025, but his tenure ended with the 102nd AGM held on 25th August 2025. A fresh proposal under Section 160 of the Companies Act was received on 26th August 2025, and the Board has recommended his appointment. He is a 57-year-old M.Sc. Physics and MBA (HR) with over 32 years of experience across various Government of India ministries, currently serving as Deputy Secretary in the Ministry of Heavy Industries and as a Nominee Director on Andrew Yule & Co. Limited. The cut-off date for voting eligibility is 27th August 2025, with the e-voting window running from 29th August to 27th September 2025, and results to be announced on 27th September 2025.
This is a routine corporate governance action seeking shareholder consent for a director appointment. It is unlikely to have any material impact on the stock price, as the appointment is being made through the standard postal ballot process and Mr. Srivastava holds no shares in the company.