Meeting Details
The Board of Directors approved the Postal Ballot Notice at their meeting held on Friday, October 30, 2026. This is a postal ballot process conducted entirely through remote electronic voting (e-voting), with no physical meeting convened.
Proposed Resolution and Implications
The single resolution proposes the appointment of Mr. Suresh Eshwara Prabhala (DIN: 02130163) as an Independent Director for a term of 5 (five) consecutive years with effect from October 30, 2026 to October 29, 2031. The resolution is classified as a SPECIAL RESOLUTION requiring shareholder approval.
Mr. Prabhala is a seasoned financial services professional with 28 years of experience, including private equity investments. He currently serves as Chief Investment Officer of 2380 Capital and holds directorships in Page Industries Limited and Tarsons Products Limited. The Company has received all statutory disclosures including consent to act as director (DIR-2), declaration of independence, and confirmation of non-disqualification (DIR-8).
Voting Process and Methods
The Company has engaged NSDL to provide e-voting facilities. Voting will be conducted solely through remote electronic voting process with no physical polling. The voting rights of members shall be in proportion to their shareholding as on the cut-off date.
Key Voting Timeline
- Cut-off Date: Friday, November 6, 2026
- E-voting Start: Monday, November 16, 2026 (9 A.M. IST)
- E-voting End: Tuesday, December 15, 2026 (5 P.M. IST)
- Result Declaration: On or before Thursday, December 17, 2026
The resolution, if passed by requisite majority, shall be deemed passed on December 15, 2026 (the last date of e-voting).
Scrutinizer Appointment and Role
The Board has appointed B Ravi & Associates (Firm Registration Number: P2016TN052400), represented by CS Dr. B. Ravi (FCS No.:1810 CP No.:3318), as Scrutinizer to conduct the postal ballot voting process in a fair and transparent manner. The Scrutinizer will prepare a report of the voting results.
Compliance with Laws and Regulations
The postal ballot process complies with Sections 108, 110 and other applicable provisions of the Companies Act, 2013, read with Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014, Regulation 44 of SEBI Listing Regulations, SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023, MCA General Circular No.03/2025 dated September 22, 2025, and Secretarial Standards on General Meetings (SS-2).
Signatories and Contact Information
The notice is signed by Prakash Bharadwaj, Company Secretary and Compliance Officer (ACS-37214). For queries, members may contact the Company at company.secretary@intellectdesign.com, the RTA (Cameo Corporate Services Limited) at cameo@cameoindia.com, or NSDL at evoting@nsdl.com.
Additional Information
The explanatory statement provides detailed background on Mr. Prabhala's qualifications, experience, and other directorships. He holds no shares in the Company and has no relationship with other Directors or KMPs. All relevant documents are available for inspection at the Registered Office during normal business hours until December 15, 2026.