Dolphin Offshore Enterprises (India) Limited has completed the newspaper publication requirements for its postal ballot notice regarding the appointment of Mr. Vinit Rameshchandra Mundra as Non-Executive Independent Director. The company published advertisements in Active Times (English) and Lakshadweep (Marathi) editions on March 28, 2026, fulfilling regulatory compliance under SEBI Listing Regulations.

Regulatory Compliance and Publication Details

The company has fulfilled its obligation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by publishing newspaper advertisements regarding the dispatch of postal ballot notice. The publications appeared in both English and Marathi newspapers with electronic editions, ensuring wider accessibility for shareholders.

The newspaper advertisements contain e-voting information and confirmation of postal ballot notice dispatch completion, as required under Section 108 of the Companies Act, 2013, read with Rule 20 of Companies (Management and Administration) Rules, 2014, and Regulation 44 of SEBI Listing Regulations.

E-Voting Schedule and Process

The company has established a comprehensive timeline for the postal ballot process, with MUFG Intime India Private Limited serving as the e-voting service provider. The voting process is conducted entirely through electronic means, with no physical ballot forms being distributed.

Shareholders whose email addresses are registered with their Depository Participants or the Registrar and Transfer Agent as of the cut-off date receive the notice electronically. Voting rights are determined based on the Register of Members and Beneficial Owners maintained by NSDL and CDSL as of March 20, 2026.

Director Appointment Details

The postal ballot seeks approval for the appointment of Mr. Vinit Rameshchandra Mundra (DIN: 11597227) as Independent Director for a five-year term. The Board of Directors initially appointed him as Additional Director on March 12, 2026, and now requires shareholder approval for his continuation as Independent Director.

Mr. Mundra brings extensive professional experience in Finance and Accounts, Banking, and Costing, with a proven track record in aligning financial strategies with organizational growth. He is associated with Control Plus Oil & Gas Solution Pvt. Ltd. and has previously worked with organizations including Torrent Gas Pvt. Ltd., Hyfun Foods, and Chiripal Industry.

Stock Exchange Communication

Company Secretary Krena Khamar communicated the newspaper publication completion to both BSE Limited (Scrip Code: 522261) and National Stock Exchange of India Limited (Symbol: DOLPHIN) on March 28, 2026. The communication includes copies of newspaper advertisements and confirms their availability on the company's website.

The postal ballot process complies with all applicable provisions of the Companies Act, 2013, and SEBI regulations. Ms. Aishwarya Himanshu Parekh serves as the Scrutinizer, with Mr. Rajesh Parekh as Alternate Scrutinizer, ensuring fair and transparent conduct of the e-voting process.

Dolphin offshore Enterprises (India) Limited has announced key board decisions following a meeting held on March 12, 2026. The primary development involves the appointment of a new independent director and approval of postal ballot proceedings, as communicated to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015.

Board Approves New Independent Director Appointment

The board of directors approved the appointment of Mr. Vinit Rameshchandra Mundra (DIN: 11597227) as Additional Non-Executive Independent Director. This appointment was made based on the recommendation of the Nomination and Remuneration Committee and is subject to shareholder approval.

Professional Background and Qualifications

Mr. Mundra brings substantial professional credentials to the board. He is a Chartered Accountant, qualified in 2008, and also completed Cost Accountant Inter in 2007. His professional journey spans 18 years across both service and manufacturing sectors.

Currently, he is associated with Control Plus Oil & Gas Solution Pvt. Ltd. His previous experience includes contributions to reputed organizations such as Torrent Gas Pvt. Ltd., Hyfun Foods, and Chiripal Industry. His core competencies encompass finance and accounts, banking, and costing, with a proven track record of aligning financial strategies to organizational growth.

Regulatory Compliance and Declarations

The appointment meets all regulatory requirements under the Companies Act 2013. Mr. Mundra is not disqualified from being appointed as Additional Director under Section 164 of the Companies Act 2013 and has provided his consent to act in this capacity.

As required under BSE circular LIST/COMP/14/2018-19 and NSE circular NSE/CML/2018/02, both dated June 20, 2018, he has declared that he is not debarred from holding the office of director by virtue of any SEBI order or any other authority. Additional disclosures have been provided as per SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Additional Board Decisions

The board also approved a postal ballot notice during the meeting. The company stated that necessary disclosures including the postal ballot notice will be intimated in due course.

The board meeting demonstrated efficient conduct of business proceedings, with all necessary regulatory communications sent to both BSE Limited and National Stock Exchange of India Limited as required under listing regulations.