Yasho Industries Limited has informed the Exchange regarding Notice of Postal Ballot
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Yasho Industries has issued a Postal Ballot Notice seeking shareholder approval for the re-appointment of Dr. Prakash Bhate (DIN: 08739162) as a Non-Executive Independent Director for a second term of five years, from May 19, 2025 to May 18, 2030. Dr. Bhate, 71, holds a Ph.D. in Organic Chemistry and has 35+ years of experience in research and academia, including senior roles at the Institute of Chemical Technology, Mumbai. Because he will turn 75 during this term (in October 2028), a separate special resolution is included to allow his continuation beyond the SEBI-mandated age limit. E-voting will run from June 29, 2025 to July 28, 2025, via NSDL. In FY24-25, he received ₹9.6 Lakhs in sitting fees and commission and attended 7 board meetings.
This is a routine governance matter with no material impact on the business or stock price. Shareholders just need to vote on the resolution, and the outcome is expected to be a formality since re-appointments of independent directors are typically approved.