Mumbai, January 28, 2025 – Universal Starch Chem Allied Limited has initiated a postal ballot process to seek shareholder approval to appoint Mrs. Namrata Garud as a Non-Executive Independent Director for five years. The voting process will be conducted electronically and via postal ballot, concluding on February 26, 2025.
Key Details of the Postal Ballot
Resolution: Appointment of Mrs. Namrata Garud (DIN: 10832812) as an Independent Director.
Voting Period:January 28, 2025 – February 26, 2025
Cut-off Date:January 17, 2025 (only shareholders as of this date are eligible to vote).
Voting Method: Remote e-voting via CDSL or postal ballot submission.
Result Announcement: On or before February 28, 2025.
About Mrs. Namrata Garud
Educational Background: Holds a Bachelor of Legal Science (BLS) and LLB from the University of Mumbai.
Professional Experience: A seasoned legal professional specializing in litigation and regulatory compliance.
Independence Confirmation: Declared that she meets the independence criteria under SEBI regulations.
Strategic Importance
The company’s Board and Nomination and remuneration Committee (NRC) believe Mrs. Garud’s legal expertise willstrengthen governance and compliance frameworks.
How Shareholders Can Vote
E-voting: Shareholders holding shares in demat mode can log in via CDSL/NSDL platforms.
Physical mode: Shareholders can submit postal ballots to the Scrutinizer, Leena Agrawal & Co.
Deadline:Ballots and e-votes must be cast by February 26, 2025, at 5:00 PM IST.
With this postal ballot, Universal Starch Chem Allied Limited aims to bolster its corporate governance structure by appointing an experienced independent director to its Board.