ALICON: Postal Ballot for Appointment of Ishaan Rai as Non-Executive Non-Independent Director
Alicon Castalloy Limited is conducting a postal ballot for the appointment of Mr. Ishaan Rai as a Non-Executive Non-Independent Director, effective 12th May, 2026. E-voting commences on 22nd May, 2026, and concludes on 20th June, 2026. The results will be announced by 22nd June, 2026. Mr. Ishaan Rai is the son of Mr. S. Rai, Managing Director, and Mrs. Pamela Rai, Director.
The announcement is about a routine director appointment via postal ballot and is unlikely to have a significant impact on the company's operations or stock price.
The announcement is a procedural update regarding a director appointment and postal ballot, without inherent positive or negative implications.
Alicon Castalloy Limited announced a postal ballot for seeking members' approval for the appointment of Mr. Ishaan Rai as a Non-Executive Non-Independent Director. The postal ballot notice dated 15th May, 2026, was issued in compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice and explanatory statement were dispatched electronically to members whose email addresses are registered with the Company/DP/RTA as of the cut-off date, 15th May, 2026, and is also available on the company's website.
The remote e-voting period will commence on 22nd May, 2026, at 9:00 a.m. (IST) and will end on 20th June, 2026, at 5:00 p.m. The results of the postal ballot will be announced on or before 22nd June, 2026, and will be displayed on the company's website and the website of National Securities Depository Limited. Mr. Avinash Joshi has been appointed as the Scrutinizer for the e-voting process.
Mr. Ishaan Rai's appointment as an Additional Director is effective from 12th May, 2026, succeeding Mrs. Pamela Rai, who relinquished her office. Mr. Ishaan Rai is the son of Mr. S. Rai, Managing Director, and Mrs. Pamela Rai, Director. He will receive remuneration by way of sitting fees for attending meetings of the Board or Committees.
What to do with a filing like this
Alicon Castalloy Limited filed this with the NSE as a statutory disclosure, categorised under board changes. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Alicon Castalloy Limited. Read the original for the full detail.