Meeting Details
This is a postal ballot process conducted via remote e-voting rather than a physical meeting. The cut-off date for determining voting eligibility is Friday, 22nd May, 2026. The resolution will be deemed passed on Sunday, 28th June, 2026, which is the last day of the remote e-voting period.
Proposed Resolution and Implications
The single special business item involves the appointment of Mr. Bharat Bhushan (DIN: 03199591) as a Non-Executive Independent Director. He was initially appointed as an Additional Director in this category effective from 13th May, 2026. The resolution seeks member approval for his appointment for a full term of five consecutive years, from 13th May, 2026 to 12th May, 2031. This appointment is necessary to maintain compliance with SEBI LODR regulations requiring that where a company has an Executive Chairperson, at least half of the Board must comprise Independent Directors, following the demise of previous Independent Director Mr. Kundan Mal Agarwal on 18th February, 2026.
Voting Process and Methods
The Company has engaged National Securities Depository Limited (NSDL) to provide remote e-voting facilities. The voting period commences at 9:00 AM (IST) on Saturday, 30th May, 2026 and ends at 5:00 PM (IST) on Sunday, 28th June, 2026. The notice is being sent only electronically to members whose email addresses are registered with the Company/Depositories as of the cut-off date, in compliance with MCA Circulars including General Circular No. 14/2020, 17/2020, and the latest General Circular No. 03/2025 dated September 22, 2025.
Key Voting Outcomes and Scrutinizer Details
The Company has appointed Mr. Deepak Kukreja, Partner at DMK Associates, as Scrutinizer and Mrs. Monika Kohli, Partner at DMK Associates, as alternate Scrutinizer to scrutinize the postal ballot process in a fair and transparent manner. The scrutinizer will submit a report to the Chairman upon completion of vote scrutiny. The results of the postal ballot will be announced on or before 5:00 PM (IST) on Tuesday, 30th June, 2026, and will be placed on the Company's website (www.signatureglobal.in) and NSDL's website (www.evoting.nsdl.com), while also being submitted to BSE Limited and National Stock Exchange of India.
Compliance with Laws and Regulations
The document confirms compliance with Section 110 of the Companies Act, 2013 read with Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014, Secretarial Standard-2 on General Meetings, Regulation 44 of SEBI Listing Regulations, and various MCA Circulars. The entire shareholding of the Company is in demat mode, and voting rights will be reckoned based on the paid-up value of equity shares registered as of the cut-off date.
Signatories and Roles
The notice is signed by M R Bothra, Sr. Vice President Corporate Affairs & Company Secretary (FCS: 6651) of Signatureglobal (India) Limited. The Company's registered office is at 13th Floor, Dr. Gopal Das Bhawan, 28 Barakhamba Road, Connaught Place, New Delhi-110001, with corporate office at Unit No. 101, Ground Floor, Tower-A, Signature Tower, South City-1, Gurugram HR-122001.
Additional Information about the Proposed Director
Mr. Bharat Bhushan holds directorships in Knowledge Tree Infrastructure Limited and Urban Improvement Co Pvt Ltd. He has not resigned from any listed entities in the past three years and holds no shares in the Company. He has no relationship with any other Director or KMPs of the Company. His expertise includes Corporate Governance, regulatory Compliance, Finance, Legal, Income Tax, and Accountancy. He will receive only sitting fees for attending Board/Committee meetings with no other remuneration.