Akshar Spintex seeks shareholder approval for director appointments and remuneration via postal ballot
Akshar Spintex is conducting a postal ballot for shareholders to approve the appointment of Mr. Bhavin Jayantibhai Kothiya as Non-Executive Independent Director and re-approve Mr. Harry Paghdar as Executive Director. Shareholder approval is also sought for Mr. Paghdar's annual remuneration of ₹12 Lakhs. E-voting is open from January 20 to February 18, 2026.
The appointment of directors and approval of their remuneration are significant corporate actions that impact the company's governance structure and financial commitments. Shareholder approval is required, indicating a material decision for the company.
The announcement pertains to routine corporate governance procedures like director appointments and remuneration approvals, which are standard for listed companies and do not inherently suggest positive or negative performance or outlook.
Akshar Spintex Limited has initiated a postal ballot process to seek shareholder approval for key corporate actions. The company is proposing to ratify the appointment of Mr. Bhavin Jayantibhai Kothiya as a Non-Executive Independent Director, effective from November 24, 2025, for a term of five years.
Furthermore, the company is re-seeking shareholder approval for the appointment of Mr. Harry Paghdar as an Executive Director for a term of five years, commencing February 18, 2026. This follows a previous rejection of his appointment as Managing Director at the Annual General Meeting held on August 25, 2025. The company also seeks approval for Mr. Paghdar's remuneration, which is proposed at ₹12,00,000 per annum, inclusive of salary, perquisites, and allowances, to be paid even in case of losses or inadequate profits, as per the Companies Act, 2013.
The postal ballot process, which includes remote e-voting, will commence on Tuesday, January 20, 2026, at 09:00 a.m. IST and conclude on Wednesday, February 18, 2026, at 05:00 p.m. IST. Detailed notices and instructions for e-voting are available on the company's website and the website of the e-voting agency, Bigshare Services Private Limited.
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Akshar Spintex Limited filed this with the NSE as a statutory disclosure, categorised under shareholder meetings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Akshar Spintex Limited. Read the original for the full detail.