Key Quantitative Details

  • Proposed term: Five consecutive years from August 01, 2026 to July 31, 2031
  • Cut-off date for voting eligibility: Friday, July 31, 2026
  • Remote e-voting period: Commences Friday, August 07, 2026 at 9:00 am and ends Saturday, September 05, 2026 at 5:00 pm
  • Director Identification Number (DIN): 00036827
  • Number of shares held by Mr. Deshpande in the Company: Nil

Dates of Action

  • Board appointment as Additional Director: Effective August 01, 2026
  • Postal ballot notice date: July 24, 2026
  • Scrutiniser report deadline: Within two working days from conclusion of remote e-voting period
  • Results declaration: Within two working days from conclusion of remote e-voting period
  • Resolution deemed passed date: Saturday, September 05, 2026 if approved

Parties Involved

  • Proposed Director: Mr. Vinayak Deshpande
  • Scrutinisers: SPANJ & Associates, Company Secretaries
  • Registrar and Share Transfer Agent: MUFG Intime India Pvt Ltd
  • E-voting service provider: Central Depository Services (India) Ltd (CDSL)
  • Company Secretary and Chief Compliance Officer: Lalit Patni

Director Qualifications and Experience

Mr. Vinayak Deshpande holds a graduate degree in Chemical Engineering from Indian Institute of Technology, Kharagpur. He has over two decades of experience in infrastructure projects including Bandra-Worli sea link and new Parliament building. Currently serves as advisor to Tata Sons Ltd.

Current Directorships in Public Companies:

  • Kirloskar Brothers Ltd
  • Praj Industries Ltd
  • Signify Innovations India Ltd
  • Universal MEP Projects & Engineering Services Ltd
  • Voltas Ltd

Committee Memberships:

  • Chairman: Praj Industries Ltd (Nomination and Remuneration Committee, Stakeholders Relationship Committee, Compensation and Share Allotment Committee), Voltas Ltd (Project Committee, Safety-Health-Environment Committee)
  • Member: Kirloskar Brothers Ltd (Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, Risk Management Committee), Voltas Ltd (Capex Committee)

Previous Directorship:

  • Kennametal India Ltd (ceased in past three years)

Voting Mechanics

  • Electronic voting serial number: 260805001
  • Voting rights proportional to paid-up equity share capital as of July 31, 2026
  • Members can vote through CDSL website (www.evotingindia.com), NSDL website, or m-Voting mobile application
  • Physical shareholders must provide folio numbers, dematerialized shareholders use 16-digit beneficiary ID (CDSL) or DP ID + client ID (NSDL)

Financial Impact

No financial impact quantified in the disclosure. Mr. Deshpande does not hold any shares in the company and has no relationship with other directors.

Documentation Availability

Draft letter of appointment and relevant documents available for inspection without fee at registered office: Atul House, G I Patel Marg, Ahmedabad 380 014, Gujarat during normal business hours.