SIS Limited seeks member approval for Mr. Arvind Kumar Prasad's continuation as Whole-time Director
SIS Limited is seeking member approval via postal ballot for the continuation of Mr. Arvind Kumar Prasad as Whole-time Director. He will turn 70 on September 9, 2026. E-voting starts August 15, 2026, and ends September 13, 2026. Results will be declared by September 15, 2026.
This is a standard procedure for director re-appointment after a certain age and is unlikely to have a significant immediate impact on the company's operations or stock performance.
The announcement is a routine corporate action to seek shareholder approval for the continuation of a director's term. It does not contain any positive or negative financial or business performance indicators.
SIS Limited has issued a notice for a postal ballot seeking approval from its members for the continuation of Mr. Arvind Kumar Prasad as Whole-time Director upon attaining the age of 70 years.
Mr. Prasad, whose DIN is 02865273, will reach the age of 70 on September 9, 2026. His current term as Whole-time Director is set to expire on April 23, 2027. The company requires a special resolution from its shareholders to continue his employment beyond the age of 70, as per Section 196(3)(a) of the Companies Act, 2013.
The remote e-voting period for the postal ballot will commence on August 15, 2026, at 09:00 AM IST and will conclude on September 13, 2026, at 05:00 PM IST. The results of the postal ballot are expected to be declared on or before September 15, 2026. The notice is being sent electronically to members whose email addresses are registered with the company or depositories as of the cut-off date, August 7, 2026.
Mr. Prasad has been associated with SIS Limited for 41 years and has significantly contributed to the company's growth, particularly in finance and the implementation of innovative practices and ERP systems. The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, believes it is in the company's best interest to continue his tenure.
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