Notice of Postal Ballot
Price
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Awaiting price reaction for this filing.
Welterman International Ltd has issued a Postal Ballot notice seeking shareholder approval for the appointment of Mr. Pradeep Ramjivan Goyal (DIN: 02798770) as an Independent Director of the Company. The appointment is for a term of five consecutive years, effective from April 14, 2025 to April 13, 2030, and he will not be liable to retire by rotation. Mr. Goyal is a Chartered Accountant aged 60, with over 20 years of experience in the fertilizer sector and expertise in finance, accounting, and auditing. The resolution will be passed as a Special Resolution through remote e-voting conducted by CDSL, with the voting window open from May 2, 2025 to May 31, 2025. The Board has recommended the resolution based on the recommendation of the Nomination & Remuneration Committee.
This is a routine corporate governance requirement under SEBI Listing Regulations to obtain shareholder approval for board appointments. The resolution is likely to pass without material impact on the stock price, as director appointments of this nature typically receive overwhelming shareholder support.