Datamatics Global Services postal ballot for director appointments
Datamatics Global Services Limited has initiated a postal ballot process for the appointment of Mr. Hitesh Gajaria and Mr. Navnit Singh as Non-Executive Independent Directors for a five-year term. The remote e-voting facility, managed by NSDL, is available from May 23, 2026, to June 28, 2026, with the voting rights determined as of May 22, 2026.
*this image is generated using AI for illustrative purposes only.
Datamatics Global Services Limited has announced the schedule for its postal ballot process to seek shareholder approval for the appointment of two Non-Executive Independent Directors, Mr. Hitesh Gajaria and Mr. Navnit Singh. The remote e-voting period is scheduled from Saturday, May 23, 2026, to Sunday, June 28, 2026. The newspaper advertisement regarding this notice was published on May 30, 2026, in the Financial Express (English) and Mumbai Lakshadweep (Marathi).
The Board of Directors approved the appointments by circulation on May 08, 2026, based on the recommendation of the Nomination and Remuneration Committee. Both candidates have submitted declarations confirming their independence and eligibility under Section 149(6) of the Companies Act, 2013, and Regulation 16(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The proposed term is for five consecutive years, effective from May 08, 2026, until May 07, 2031.
Mr. Hitesh Gajaria is a Chartered Accountant with over four decades of experience in taxation, transfer pricing, and regulatory consulting. He currently serves as a Senior Advisor at KPMG in India. Mr. Navnit Singh serves as the Chairman and Regional Managing Director of Korn Ferry in India, bringing over three decades of experience in human capital strategy and organizational transformation.
National Securities Depository Limited (NSDL) has been engaged to facilitate the remote e-voting process. The cut-off date for determining voting rights is Friday, May 22, 2026. Mr. Swapneel Vinod Patel, Practicing Company Secretary, has been appointed as the Scrutinizer to oversee the voting process. The notice and explanatory statement are available on the company's website.
Key Details of the Appointments
| Detail | Mr. Hitesh Gajaria | Mr. Navnit Singh |
|---|---|---|
| DIN | 10044310 | 00424875 |
| Category | Non-Executive Independent Director | Non-Executive Independent Director |
| Term | 5 years (May 08, 2026 to May 07, 2031) | 5 years (May 08, 2026 to May 07, 2031) |
| Qualification | Chartered Accountant | BA (Hons) Economics, PG in Personnel Management |
| Shareholding | Nil | Nil |
Postal Ballot Schedule
| Event | Date and Time |
|---|---|
| Cut-off Date | Friday, May 22, 2026 |
| Commencement of e-voting | 09.00 A.M. IST on Saturday, May 23, 2026 |
| Conclusion of e-voting | 05.00 P.M. IST on Sunday, June 28, 2026 |
| Declaration of Results | Within 2 working days from the closure of e-voting |
Historical Stock Returns for Datamatics Global Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.21% | +6.56% | +10.06% | -0.01% | +33.46% | +420.20% |
How will the expertise of Mr. Gajaria and Mr. Singh influence Datamatics' strategic direction over the next five years?
What impact will these appointments have on the company's corporate governance and compliance standards?
Could the addition of these independent directors lead to potential expansion or restructuring within Datamatics?
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