Viyash Scientific Limited has informed the Exchange regarding Notice of Postal Ballot
VIYASH · price
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Viyash Scientific Limited has issued a Postal Ballot Notice seeking shareholder approval for three items through remote e-voting from May 30, 2026 to June 28, 2026. The company is seeking ordinary resolutions to appoint Mr. Amit Jain and Mr. Abhiroop Jayanthi as Non-Executive, Non-Independent Directors, both effective April 22, 2026. Both appointees are nominees of The Carlyle Group, with Mr. Jain being a Partner and Head of Carlyle India Advisors and Mr. Jayanthi being a Managing Director at Carlyle's Asia Private Equity team. Additionally, shareholders are asked to approve a special resolution for a one-time performance incentive of Rs. 4 crore to Mr. Rajaram Narayanan, Whole-time Director & CEO-Animal Health, to be paid in FY 2026-27. The incentive is justified by the company's transformation over three years including the merger with Viyash Group and improvement in gross margins from 41.3% (FY23) to 47.7% (FY25). The two director nominees will not receive any sitting fees or commission.
Approval of Carlyle nominees as directors signals strong private equity backing for the company. The Rs. 4 crore performance incentive for the CEO reflects board confidence in leadership's transformation efforts and may be viewed positively by investors. The appointments ensure compliance with regulatory requirements within three months of the April 2026 appointments.