Please find enclosed the Postal Ballot Notice dated May 09, 2026 pursuant to SEBI LODR Regulations.
WINDMACHIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Windsor Machines Limited has issued a Postal Ballot Notice seeking shareholder approval for three special resolutions. First, the company proposes to sell its non-operational Thane plant (approximately 21,912 square meters of industrial plots at Wagale, Thane, Maharashtra) to monetize assets for operational expansion. Second, the remuneration limit for Whole Time Director and CEO Mr. Vinay Bansod is being increased from Rs. 92.5 lakh to Rs. 1 crore fixed pay plus Rs. 45 lakh variable pay per annum, effective April 1, 2026. Third, the company seeks approval to appoint Mr. Dharmendra Becharbhai Varasada as Executive Director for 3 years with remuneration up to Rs. 96 lakh per annum. Remote e-voting runs from May 29, 2026 to June 27, 2026, with results to be declared by June 29, 2026.
The asset sale of the non-operational Thane plant could unlock value and provide funds for expansion, potentially positive for stock. The remuneration increases for senior management indicate retention focus. The new director appointment strengthens the leadership team.