Resolutions Passed
The Board of Directors, at its meeting held on 28th April, 2026, decided to obtain shareholder consent through Postal Ballot for the following five special resolutions:
- Amendment in Articles of Association (AoA) of the Company under Section 14 of the Companies Act, 2013
- Revision in remuneration of Dr. Sajan Kumar Bansal (DIN: 00063555), Chairman & Managing Director of the Company
- Revision in remuneration of Mr. Sharan Bansal (DIN: 00063481), Whole Time Director of the Company
- Revision in remuneration of Mr. Devesh Bansal (DIN: 00162513), Whole Time Director of the Company
- Revision in remuneration of Mr. Siddharth Bansal (DIN: 02947929), Whole Time Director of the Company
The remuneration revisions were sought under sections 196, 197 and other applicable provisions of the Companies Act, 2013 read with Schedule V of the Act, the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, and applicable provisions of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.
Postal Ballot Process Details
The Postal Ballot Notice dated 28th April, 2026 was sent to members whose names appeared in the Register of Members/List of Beneficial Owners as received from NSDL and CDSL on Friday, 1st May, 2026 (Benpos Date).
The company completed sending the Postal Ballot Notice by email on Tuesday, 6th May, 2026. Remote e-voting was conducted through the platform provided by National Securities Depository Limited (NSDL), commencing on Friday, 8th May, 2026 at 9:00 AM IST and ending on Saturday, 6th June, 2026 at 5:00 PM IST.
Next Steps
The e-voting results and a consolidated report on e-voting (as per prescribed format) will be intimated to the stock exchanges within two working days from the conclusion of the e-voting procedure (by 8th June, 2026).