Meeting Details
This is a postal ballot process conducted through remote e-voting only, without a physical meeting. The voting period commences on Tuesday, 3rd November 2026 at 9:00 AM IST and ends on Wednesday, 2nd December 2026 at 5:00 PM IST. The cut-off date for determining shareholder eligibility is Friday, 30th October 2026.
Proposed Resolution and Implications
The special resolution seeks to re-appoint Mr. T. C. Suseel Kumar (DIN: 06453310) as a Non-Executive Independent Director for a second term of five consecutive years commencing from 27th October 2026 and ending on 26th October 2031. The re-appointment would strengthen the Board's effectiveness, diversity of skills, and corporate governance framework given Mr. Kumar's extensive experience in insurance and finance.
Voting Process and Methods
The Company has engaged National Securities Depository Limited (NSDL) to provide remote e-voting facilities. Voting will be conducted exclusively through electronic means, with no physical ballot forms being distributed. Members can vote through various methods including NSDL e-Voting website, CDSL's Easi/Easiest facility, or through their respective depository participants.
Key Voting Outcomes
Voting results will be determined after the conclusion of the remote e-voting period. The scrutinizer will submit his report within two working days from the date of conclusion of the postal ballot process. The results along with the scrutinizer's report will be placed on the Company's website and communicated to the stock exchanges.
Scrutinizer's Role
Mr. Manoj Prasad Shaw, Practicing Company Secretary (FCS No: 5517), has been appointed as the scrutinizer to conduct the remote e-voting process in a fair and transparent manner. He will scrutinize the votes cast and submit a report to the Chairman/Directors/Company Secretary.
Compliance with Laws and Regulations
The postal ballot process complies with Sections 108 and 110 of the Companies Act, 2013, Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014, Secretarial Standard-2 on General Meetings, Regulation 44 of SEBI LODR Regulations, 2015, and MCA circulars including General Circular no. 3/2025 dated 22nd September 2025.
Additional Information
Mr. T. C. Suseel Kumar retired as Managing Director of Life Insurance Corporation of India in January 2021 after a four-decade career. He currently serves as Independent Director on boards of Firstsource Solutions Limited, TVS Credit Services Limited, and LIC Housing Finance Limited. He holds no shares in PCBL Chemical Limited. The terms of appointment include sitting fees for board/committee meetings and commission as determined by the Board/Nomination and Remuneration Committee.