Mauria Udyog Limited Issues Postal Ballot Notice with E-Voting Schedule
Mauria Udyog Limited has issued a postal ballot notice under Regulation 30, scheduling remote e-voting from April 06 to May 05, 2026. The company seeks shareholder approval for reappointing Navneet Kumar Sureka as Managing Director with ₹5,00,000 monthly salary and revising Deepa Sureka's salary from ₹1,50,000 to ₹3,00,000 per month, with results to be declared by May 07, 2026.
*this image is generated using AI for illustrative purposes only.
Mauria udyog Limited issued a postal ballot notice dated April 01, 2026, under Regulation 30 of SEBI Listing Regulations, seeking shareholder approval through remote e-voting for key corporate governance decisions. The company has scheduled the remote e-voting period from April 06 to May 05, 2026, with results to be announced by May 07, 2026.
Board Meeting Decisions and Leadership Appointments
The board meeting held on April 01, 2026, at the company's Faridabad facility addressed several critical corporate governance matters. The board approved the re-appointment of Mr. Navneet Kumar Sureka as Managing Director for a fresh five-year term effective April 01, 2026, following recommendations from the Nomination and Remuneration Committee.
| Parameter: | Details |
|---|---|
| Director Name: | Mr. Navneet Kumar Sureka |
| DIN: | 00054929 |
| Term Duration: | Five Years |
| Effective Date: | April 01, 2026 |
| Monthly Salary: | ₹5,00,000 |
| Experience: | 32 years in steel industry |
| Board Tenure: | Since July 29, 1997 |
Mr. Sureka brings extensive experience in planning, marketing, export management, and finance. His previous term as Managing Director expired on March 31, 2026, making this reappointment essential for continued leadership continuity.
Salary Revisions and Additional Appointments
The board also approved salary revisions for Mrs. Deepa Sureka, Whole-time Director, effective April 01, 2026. Her monthly salary has been revised from ₹1,50,000 to ₹3,00,000 for her remaining tenure period. Mrs. Deepa Sureka, who holds DIN 00060284, is the spouse of the Managing Director.
| Director Details: | Information |
|---|---|
| Director Name: | Mrs. Deepa Sureka |
| DIN: | 00060284 |
| Revised Salary: | ₹3,00,000 per month |
| Previous Salary: | ₹1,50,000 per month |
| Effective Date: | April 01, 2026 |
| Shareholding: | 2,06,10,150 equity shares (15.47%) |
For internal audit functions, the board appointed M/s NTKPMJ & Associates, Chartered Accountants from Faridabad, as Internal Auditor for financial year 2026-27. The audit firm is led by FCA Pradeep Mahapatra, who possesses 25 years of post-qualification experience.
Postal Ballot and E-Voting Process
The company has engaged National Securities Depository Limited (NSDL) to provide remote e-voting facility to shareholders. The postal ballot notice has been sent electronically to shareholders whose email addresses are registered with the company or depositories.
| E-Voting Schedule: | Timeline |
|---|---|
| Cut-off Date: | Friday, March 27, 2026 |
| E-voting Start: | Monday, April 06, 2026 at 9:00 AM |
| E-voting End: | Tuesday, May 05, 2026 at 5:00 PM |
| Results Declaration: | On or before Thursday, May 07, 2026 |
| Scrutinizer: | M/s. Jyoti Arya & Associates (COP No. 17651) |
The company has appointed M/s. Jyoti Arya & Associates, Practicing Company Secretary, as the Scrutinizer for conducting the postal ballot process in a fair and transparent manner. All resolutions require special resolution approval from shareholders.
Regulatory Compliance and Corporate Governance
Both appointments and salary revisions require shareholder approval through the postal ballot process, demonstrating the company's commitment to corporate governance standards. The company has provided detailed disclosures as required under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Mauria Udyog Limited operates as an ISO 14001 and OHSAS 18001 certified company, manufacturing LPG cylinders, valves, and regulators. The company maintains its works facility in Faridabad, Haryana, and holds recognition as a government-approved export house, reflecting its established position in the industry.
Historical Stock Returns for Mauria Udyog
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.87% | +2.76% | -21.53% | -35.64% | -39.84% | +606.90% |
How might the significant salary increases for key executives impact Mauria Udyog's operational costs and profitability in FY 2026-27?
What strategic initiatives is Mr. Sureka likely to pursue during his new five-year term to strengthen the company's position in the LPG equipment market?
Could the appointment of new internal auditors signal potential changes in the company's financial reporting practices or compliance framework?
17
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
