Nature of the Disclosure

BPL Limited has issued a Postal Ballot Notice pursuant to Regulation 30 of SEBI Listing Regulations seeking shareholder approval for the re-appointment of Mr. CK Sabareeshan as an Independent Director.

Key Resolution Details

  • Resolution Type: Special Resolution
  • Item No. 1: Re-appointment of Mr. CK Sabareeshan (DIN: 00013462) as Independent Director for a further period of 5 years (second term)
  • Proposed Term: From August 12, 2026 to August 11, 2032
  • Director Category: Independent Director (not liable to retire by rotation)

Voting Process and Timeline

  • Cut-off Date: July 3, 2026 for determining voting eligibility
  • Remote e-Voting Period: July 8, 2026 (9:00 AM IST) to August 7, 2026 (5:00 PM IST)
  • Service Provider: National Securities Depository Limited (NSDL)
  • Result Announcement: On or before August 10, 2026
  • Distribution Method: Electronic-only distribution to members with registered email addresses as per MCA Circulars (No physical copies sent)

Director Profile and Qualifications

  • Name: Mr. CK Sabareeshan (DIN: 00013462)
  • Age: 71 years
  • Qualifications: Chartered Accountant (CA) and Company Secretary (CS)
  • Experience: 31 years of industrial experience including 16 years as Executive Director (Finance), CFO, and Company Secretary at Automotive Axles Limited
  • Current Shareholding: 1,500 shares in BPL Limited
  • First Appointment: August 13, 2021
  • Board Meeting Attendance: 5 meetings during the year

Statutory Compliance

  • Consent received in Form DIR-2
  • Declaration of independence under Section 149(6) of Companies Act, 2013
  • DIR-8 filing confirming no disqualification under Section 164(2)
  • Compliance with SEBI circulars regarding director eligibility
  • Registration with data bank of Independent Directors maintained by Indian Institute of Corporate Affairs
  • Notice received from member under Section 160(1) of Companies Act

Remuneration Arrangements

  • Payment of sitting fees as determined by the Board from time to time
  • Commission payment approval sought subject to overall limits prescribed
  • Remuneration to be within limits approved by members

Additional Information

  • Scrutinizer: Mr. P Sivarajan, Practicing Chartered Accountant (Membership No. 200652)
  • Company Secretary: Divya Bhardwaj

Document Availability

The complete Postal Ballot Notice with explanatory statement is available on the company website at https://www.bpllimited.com and NSDL website at www.evoting.nsdl.com.