Intimation of Newspaper Publication confirming dispatch of Postal Ballot Notice
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Awaiting price reaction for this filing.
Welterman International Ltd has informed BSE that it has completed the electronic dispatch of the Postal Ballot Notice on April 29, 2025, and has published newspaper advertisements in Business Standard (English, April 30, 2025) and Mumbai Lakshadeep (Marathi, May 1, 2025) confirming the same. The Postal Ballot seeks shareholder approval (through a Special Resolution) for the appointment of Mr. Pradeep Ramjivan Goyal (DIN: 02798770) as an Independent Director of the company. E-voting is being facilitated through CDSL from May 2, 2025 (9:00 AM) to May 31, 2025 (5:00 PM), with the cut-off date for eligibility set as April 25, 2025. Mr. Devesh Pathak (FCS-4559) has been appointed as the scrutinizer to oversee the e-voting process in a fair and transparent manner, and results will be declared within 2 working days after the closure of e-voting.
This is a routine compliance filing related to the postal ballot process for inducting a new Independent Director. Shareholders as on the cut-off date (April 25, 2025) can vote electronically on the resolution. The event itself is procedural and is unlikely to have a direct material impact on the stock price, though approval of a new independent director may be viewed as a positive governance signal.