balu forge industries has initiated a postal ballot process to seek shareholder approval for the re-appointment of two Independent Directors, Mr. Radhey Shyam Soni and Mrs. Shalu Laxmanraj Bhandari, for a period of two years. The resolutions require approval through special resolution via remote e-voting, with the Board recommending the re-appointments based on the recommendations of the Nomination and Remuneration Committee.

Mr. Radhey Shyam Soni (DIN: 07962657) and Mrs. Shalu Laxmanraj Bhandari (DIN: 00012556) were initially appointed for a five-year term effective from June 30, 2021, concluding on June 29, 2026. Both directors are eligible for re-appointment and have submitted the necessary declarations confirming their independence and compliance with regulatory requirements. The proposed second term would extend from June 30, 2026, to June 29, 2028.

Voting Schedule and Process

The remote e-voting period commences on Thursday, May 28, 2026, at 09:00 a.m. IST and concludes on Friday, June 26, 2026, at 05:00 p.m. IST. Shareholders holding shares as on the cut-off date of Friday, May 22, 2026, are eligible to participate. The scrutinizer for the process is Mr. Jaymin Modi, Partner of M/s. Jaymin Modi & Co., Practicing Company Secretaries.

The results of the postal ballot will be announced on or before Tuesday, June 30, 2026, and subsequently communicated to the BSE and NSE. The notice has been dispatched to shareholders only through electronic mode in compliance with relevant MCA Circulars and SEBI Listing Regulations.

Director Profiles

The following table outlines the key details of the directors proposed for re-appointment:

Balu Forge Industries Limited clarified that former Chief Financial Officer Amit Ashok Todkari has not resigned at the group level and is transitioning to a wider strategic leadership role within the company. This development follows his earlier resignation from the specific position of CFO of Balu Forge Industries Ltd effective May 25, 2026, which was previously attributed to personal reasons. The company appointed Sandeep Singh Chadha as the interim CFO effective May 26, 2026, to ensure continuity in financial operations while the search for a permanent successor continues.

The board approved the interim appointment based on recommendations from the Nomination and Remuneration Committee and Audit Committee. Mr. Chadha is a qualified finance professional with an MBA in Finance and over five years of experience in accounting, finance, taxation, and corporate compliance. His expertise includes financial planning, corporate accounting, treasury management, and regulatory compliance under the Companies Act and SEBI regulations.

Mr. Todkari confirmed in his resignation letter that there were no material reasons for his departure from the CFO position other than the personal reasons cited. The management stated that further details regarding his new strategic appointment will be shared with stakeholders in due course. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.