Meeting Details

This is a Postal Ballot process conducted through remote e-voting only, without a physical meeting. The process is conducted pursuant to Sections 108 and 110 of the Companies Act, 2013, read with Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014, and multiple MCA Circulars dated between 2020-2025.

Proposed Resolutions and Implications

Item No. 01 - Ordinary Resolution: To approve the appointment of Mr. Mohan Ramachandran (DIN: 11973361) as a Director of the Company, liable to retire by rotation. He was appointed as an Additional Director effective October 05, 2026.

Item No. 02 - Special Resolution: To approve the appointment of Mr. Mohan Ramachandran (DIN: 11973361) as a Whole-time Director and Chief Executive Officer of the Company for a period of 3 years from October 05, 2026 to October 04, 2029. The resolution includes approval for total remuneration up to ₹3.08 crore per annum comprising Fixed Pay and Variable Pay, with liberty for the Board to consider periodic revisions subject to statutory limits under Section 197 read with Schedule V of the Companies Act, 2013.

Voting Process and Methods

The company is conducting voting exclusively through remote e-voting facility provided by Central Depository Services Limited (CDSL).

Key Voting Dates:

  • Cut-off date for eligibility: Friday, October 02, 2026
  • Voting commencement: Thursday, October 08, 2026 at 9:00 AM IST
  • Voting conclusion: Friday, November 06, 2026 at 5:00 PM IST

The notice is being sent only by email to members whose email addresses are registered with Depository Participants/Depositories/RTA as of the cut-off date.

Voting Outcome Declaration

The results of the postal ballot will be declared within two working days from the conclusion of the e-voting period (i.e., after November 06, 2026). The resolution will be deemed passed on November 06, 2026 if approved by requisite majority.

Scrutinizer Appointment and Role

The Board has appointed Ms. Rama Subramanian, Company Secretary in Practice (ACS-15923 and COP No: 10964), as the Scrutinizer to conduct the postal ballot process in a fair and transparent manner. The Scrutinizer will submit her report to the Chairman/authorized person, and her decision on the validity of e-voting shall be final and binding.

Compliance with Laws and Regulations

The company confirms compliance with:

  • Regulation 44 of SEBI LODR Regulations, 2015
  • Sections 108, 110, and other applicable provisions of Companies Act, 2013
  • Companies (Management and Administration) Rules, 2014
  • Multiple MCA Circulars dated between 2020-2025
  • Secretarial Standards on General Meetings (SS-2)
  • SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026

Additional Financial Information

The company reported standalone financial performance for March 31, 2026:

  • Gross Turnover & Other Income: ₹57,026.03 lakhs
  • Net loss after tax: ₹(443.35) lakhs (primarily due to exceptional items of ₹11.61 crore for one-time settlement amount paid to workmen on plant shifting)
  • Net Worth: ₹48,822.66 lakhs

The company is engaged in manufacturing, marketing, and selling of Plastic Processing Machinery including injection moulding, pipe extrusion, and blown film lines, and Computer Numerical Control (CNC), Vertical Machining Center (VMC) and Special Purpose Machines (SPM) in India and abroad.

Director Background

Mr. Mohan Ramachandran (Age: 56 years, DIN: 11973361) is a seasoned business leader with over 32 years of experience across automotive and industrial manufacturing. He holds a Bachelor of Engineering from NIT Tiruchirapalli and PGDM from Goa Institute of Management. He has held leadership roles with Eicher Group, Mahindra & Mahindra, Cummins Technologies, and Milacron India.