We enclose herewith a copy of the Postal Ballot Notice dated March 2, 2026, for seeking approval of the members of the Company on the resolution(s) forming part of the Postal Ballot Notice.
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Veejay Lakshmi Engineering Works has issued a Postal Ballot Notice dated March 2, 2026, seeking shareholder approval for four resolutions. Item 1 is the appointment of Mr. Sargunam Ranganathan as a Non-Independent Director (Ordinary Resolution). Item 2 is his appointment as Whole-time Director for 5 years at a salary not exceeding Rs. 1,08,000 per month, plus perquisites; he is 72 years old, so the appointment requires a Special Resolution. Items 3 and 4 seek approval to appoint Mr. Sanjay Dharamsi Shah and Ms. Indira Veeraraghavan (both Chartered Accountants) as Independent Directors for a first term of 5 consecutive years each. Remote e-voting will run from 9:00 AM on March 11, 2026, to 5:00 PM on April 9, 2026, with the cut-off date set as March 6, 2026. Results will be announced within 2 working days of the e-voting closing date.
This is a routine governance filing focused on board reconstitution and does not directly affect financials or shareholder value. Shareholders should review and vote on the resolutions, especially the remuneration terms for the 72-year-old Whole-time Director and the addition of two new independent directors.