Balu Forge Industries Limited
Postal Ballot Details
The company conducted a postal ballot through remote electronic voting to obtain member approval for special resolutions. The voting was conducted in compliance with:
- Section 110 and Section 108 of the Companies Act, 2013
- Rule 20 and 22 of the Companies (Management and Administration) Rules, 2014
- Regulation 44 of SEBI Listing Regulations
- Secretarial Standard SS-2
- MCA Circular No. 09/2024 dated September 19, 2024
- SEBI Circular No. SEBI/HO/CFD/CFD-PoD2/P/CIR/2024/133 dated October 03, 2024
Resolutions Approved
1. Re-Appointment of Mr. Radhey Shyam Soni (DIN: 07962657) as an Independent Director for a period of two years
2. Re-Appointment of Mrs. Shalu Laxmanraj Bhandari (DIN: 00012556) as an Independent Director for a period of two years
Voting Process Details
- Voting agency: National Securities Depository Limited (NSDL)
- Cut-off date for voting rights: Friday, May 22, 2026
- Voting period: Thursday, May 28, 2026 at 9:00 AM IST to Friday, June 26, 2026 at 5:00 PM IST
- Voting rights were proportional to equity shareholding as of the cut-off date
Scrutinizer Appointment
Mr. Jaymin Modi, Proprietor of Jaymin Modi & Co., Practicing Company Secretary (CP No. 16948) was appointed as scrutinizer to ensure fair and transparent conduct of the postal ballot process.
Next Steps
The voting results pursuant to Regulation 44(3) of Listing Regulations and the scrutinizer report will be:
- Submitted to stock exchanges within stipulated timelines
- Displayed on the company's website at https://www.baluindustries.com/shareholdersinformation.php