Meeting and Voting Details

  • Type of Meeting: Postal Ballot (Remote e-voting only)
  • Cut-off Date: October 16, 2026
  • E-voting Service Provider: National Securities Depository Limited (NSDL)
  • Voting Commencement: Tuesday, October 20, 2026 at 09:00 AM IST
  • Voting End: Wednesday, November 18, 2026 at 05:00 PM IST
  • Results Announcement: Friday, November 20, 2026

Proposed Resolutions and Implications

The notice contains three special resolutions for re-appointment of Independent Directors:

1. Re-appointment of Mr. Khurshed Meherwanji Thanawalla (DIN: 00201749)

  • Second term of five consecutive years from November 22, 2026 to November 21, 2031
  • Age: 84 years
  • Qualifications: Member of The Institute of Chartered Secretaries & Administrators, London; Fellow member of Chartered Management Institute, UK
  • Experience: Over 4 decades in textiles industry, former Chairman and Managing Director, retired as Country Representative - India for Oerlikon Group
  • Current directorships: Standard Industries Limited
  • Committee positions: Chairperson of Audit Committee, Nomination and Remuneration Committee, and Stakeholder's Relationship Committee at Standard Industries Limited
  • Remuneration: Sitting fees of ₹1,00,000 per Board Meeting and ₹50,000 per Committee Meeting

2. Re-appointment of Mr. Debabrata Sarkar (DIN: 02502618)

  • Second term of five consecutive years from November 22, 2026 to November 21, 2031
  • Age: 73 years (will attain 75 during term)
  • Qualifications: Fellow member of ICAI, Master's in Commerce, Certified Associate of Indian Institute of Bankers
  • Experience: Over 30 years in banking and finance, former Chairman and MD of Union Bank of India
  • Current directorships: GOCL Corporation Limited, Emami Limited, Finolex Industries Limited, NDL Ventures Limited
  • Committee positions: Various committee memberships across listed companies
  • Remuneration: Sitting fees of ₹1,00,000 per Board Meeting and ₹50,000 per Committee Meeting

3. Re-appointment of Mr. Vinay Mulkhraj Aggarwal (DIN: 00030483)

  • Second term of five consecutive years from November 22, 2026 to November 21, 2031
  • Age: 74 years
  • Qualifications: Bachelor's in Commerce from Sydenham College, MBA from Northeastern University, USA
  • Experience: Over 35 years in finance sector, previously with Tata Consultancy Services, former director of finance for Tata Burroughs Limited
  • Current directorships: None in other listed companies
  • Remuneration: Sitting fees of ₹1,00,000 per Board Meeting and ₹50,000 per Committee Meeting

Voting Process and Methods

The company is using only remote e-voting process through NSDL. The voting instructions include:

  • Individual shareholders holding securities in demat mode can vote through their demat accounts
  • Detailed login methods provided for NSDL and CDSL account holders
  • Institutional shareholders must submit scanned copies of Board Resolution/Authority letter
  • Helpdesk contacts provided for technical support

Scrutinizer Appointment

Mr. Devendra V Deshpande, Practicing Company Secretary (FCS No. 6099 and COP No. 6515), has been appointed as Scrutinizer to conduct the postal ballot process in a fair and transparent manner.

Compliance with Regulations

The notice complies with:

  • Sections 108 and 110 of the Companies Act, 2013
  • Rules 20 & 22 of the Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA General Circular Nos. 14/2020, 17/2020, and 03/2025
  • SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
  • Secretarial Standard on General Meetings (SS-2)

Additional Information

  • The postal ballot notice is available on company website: www.sanathan.com
  • Documents available for electronic inspection by members
  • All three directors have provided necessary disclosures and declarations of independence
  • None of the other Directors or Key Managerial Personnel are concerned or interested in these resolutions