Intimation under regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Notice of Postal Ballot (including remote e-voting)
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Awaiting price reaction for this filing.
Vertex Securities Ltd has issued a Postal Ballot notice seeking shareholder approval through remote e-voting for three special business items. Item 1 seeks re-appointment of Mr. Kumar Nair (DIN: 00320541) as Executive Director for five years (May 21, 2025 to May 20, 2030); he currently holds 1,41,77,543 equity shares and draws no remuneration. Item 2 seeks appointment of Ms. Meera Haridas (DIN: 07707238) as Woman Executive Director for three years (May 1, 2025 to April 30, 2028) with fixed remuneration of Rs. 24,00,000 per annum. Item 3 seeks appointment of Mr. Krishnaswamy Anand (DIN: 06671952) as Non-Executive Independent Director for the first term of five years (May 12, 2025 to May 11, 2030). The e-voting window runs from June 23, 2025 to July 22, 2025, with results expected by July 24, 2025. The filing also discloses that the company posted a standalone loss after tax of Rs. 74.86 lakhs in FY25 versus a profit of Rs. 36.51 lakhs in FY24, on total income of Rs. 836.51 lakhs.
Routine corporate governance matter; outcomes are administrative and unlikely to materially move the stock. However, the disclosure of consecutive yearly losses and dependence on capital market conditions signals underlying earnings weakness, which investors should monitor.