Windsor Machines Limited has informed the Exchange regarding Notice dated May 09, 2026 of Postal Ballot pursuant to the SEBI LODR Regulations

Board & Shareholder Meetings View source PDF

WINDMACHIN · price

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Price reaction · full curve 14 horizons · vs prior close

-5.1%1-day move

₹290.80

prior close

₹290.75

base price

After-mkt

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AI summary

Windsor Machines Limited has issued a Postal Ballot Notice seeking shareholder approval via remote e-voting for three special resolutions. First, the company plans to sell its non-operational industrial plots at Wagale Thane Industrial Area in Maharashtra (Plots E-6 and E-6(A)), covering approximately 21,912 square meters, to raise funds for business expansion. Second, the company is seeking approval to increase the managerial remuneration limit for Mr. Vinay Bansod (Whole Time Director and CEO) from Rs. 92,50,009 to Rs. 1,00,00,000 fixed pay plus Rs. 45,00,000 variable performance pay per annum, effective April 1, 2026. Third, the appointment of Mr. Dharmendra Becharbhai Varasada as Executive Director for a term of 3 years with remuneration capped at Rs. 96,00,004 per annum is being proposed. The e-voting period runs from May 29, 2026 to June 27, 2026.

Likely market impact

The sale of non-operational Thane property represents asset monetization that could strengthen the company's balance sheet and fund expansion plans. The remuneration increases for the CEO and new director appointment will increase employee costs, which investors should monitor for impact on profitability.