CG Power seeks shareholder approval for re-appointment of Director via Postal Ballot
CG Power is seeking shareholder approval for the re-appointment of Mr. Sriram Sivaram as a Non-Executive Independent Director for a second term from June 11, 2026, to June 10, 2031. The postal ballot voting period is from February 4, 2026, to March 5, 2026. Results will be announced by March 9, 2026.
The re-appointment of an independent director is a standard governance procedure and is unlikely to have a significant immediate impact on the company's operations or stock price.
The announcement is a routine corporate action regarding director re-appointment and does not contain significant positive or negative financial or business developments.
CG Power and Industrial Solutions Limited has announced that the Board of Directors is seeking approval from its members through a postal ballot for the re-appointment of Mr. Sriram Sivaram as a Non-Executive Independent Director. Mr. Sivaram's current term as an Independent Director concludes on June 10, 2026. The proposed re-appointment is for a second term of five consecutive years, effective from June 11, 2026, up to June 10, 2031.
The voting period for the postal ballot will commence on Wednesday, February 4, 2026, at 9:00 a.m. IST and will conclude on Thursday, March 5, 2026, at 5:00 p.m. IST. Members whose names appear in the Register of Members or list of Beneficial Owners as of Sunday, February 1, 2026, are eligible to vote. The company is facilitating this process through remote e-voting, with NSDL providing the platform. The results of the postal ballot are expected to be announced on or before Monday, March 9, 2026.
Mr. Sriram Sivaram, aged 57, holds a B.Tech from IIT Madras and an MS and MBA from Cornell University. He has over 34 years of experience in the energy sector, including leadership roles in multinational companies. The Nomination and Remuneration Committee and the Board believe his continued association will be of immense benefit to the company.
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CG Power and Industrial Solutions Limited filed this with the NSE as a statutory disclosure, categorised under board meeting. 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 CG Power and Industrial Solutions Limited. Read the original for the full detail.