MBL Infrastructure Issues Postal Ballot Notice for Director Re-appointment and Securities
MBL Infrastructure Ltd has issued a postal ballot notice seeking shareholder approval for re-appointment of Independent Director Ram Dayal Modi for another 5-year term and authorization to raise funds up to Rs 300 crores through various securities. The company completed allotment of 19 lakh equity shares to promoter group entity MLSMH LLP, increasing paid-up capital to Rs 154.43 crores. E-voting period runs from April 16 to May 15, 2026.
*this image is generated using AI for illustrative purposes only.
MBL Infrastructure Ltd has issued a postal ballot notice dated April 11, 2026, seeking shareholder approval for the re-appointment of an Independent Director and issuance of securities, following the board meeting decisions announced earlier.
Postal Ballot Process
The company has engaged National Securities Depository Limited (NSDL) to provide remote e-voting facility to shareholders. The postal ballot notice has been distributed electronically to eligible shareholders as per regulatory compliance.
| Postal Ballot Schedule: | Details |
|---|---|
| Cut-off Date: | April 10, 2026 |
| E-voting Period: | April 16, 2026 (9:00 AM) to May 15, 2026 (5:00 PM) |
| Results Declaration: | May 15, 2026 |
| Notice Distribution: | Electronic mode only to eligible shareholders |
| Scrutinizer: | Ms Anjali Yadav, Practicing Company Secretary (FCS 6628) |
Resolution Items
Shareholders will vote on two key resolutions through the postal ballot process:
Director Re-appointment
The first resolution seeks approval for re-appointment of Mr. Ram Dayal Modi (DIN: 03047117) as an Independent Director for a second consecutive term.
| Director Details: | Information |
|---|---|
| Name: | Mr. Ram Dayal Modi |
| DIN: | 03047117 |
| Current Term: | May 13, 2021 to May 12, 2026 |
| Proposed Term: | May 13, 2026 to May 12, 2031 |
| Age: | 74 years |
| Experience: | Over 4 decades in Banking and Financial Services with SBI Group |
| Qualifications: | MA (Political Science), Certified Associate of Indian Institute of Bankers |
Securities Issuance Approval
The second resolution covers authorization for fund raising up to Rs 300.00 crores through various modes of securities issuance.
| Fund Raising Parameters: | Details |
|---|---|
| Maximum Amount: | Rs 300.00 crores |
| Currency Options: | Indian Rupee and/or foreign currency |
| Issuance Methods: | Public issue, private placement, QIP |
| Securities Types: | Equity shares, GDRs, ADRs, FCCBs, convertible debentures |
| Purpose: | Capital expenditure, working capital, debt repayment, general corporate purposes |
Share Allotment Completed
Pursuant to the Resolution Plan under the Insolvency and Bankruptcy Code 2016, the board has already approved allotment of 19.00 lakh equity shares to MLSMH LLP, a promoter group entity.
| Share Allotment Impact: | Before Allotment | After Allotment |
|---|---|---|
| MLSMH LLP Shareholding: | NIL | 1.23% |
| Total Promoter Group Holding: | Not specified | 75.24% |
| Paid-up Capital (Shares): | 15,25,29,256 | 15,44,29,256 |
| Paid-up Capital (Amount): | Rs 152,52,92,560 | Rs 154,42,92,560 |
Regulatory Compliance
The postal ballot notice has been filed with BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The notice is available on the company website and stock exchange portals for shareholder reference.
Shareholders whose email addresses are registered with the company or depositories will receive the notice electronically. The company has appointed Ms. Anjali Yadav as Scrutinizer to ensure fair and transparent conduct of the e-voting process.
Historical Stock Returns for MBL Infrastructures
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.85% | -5.29% | -5.89% | -36.37% | -40.14% | +32.95% |
How will MBL Infrastructure utilize the Rs 300 crore fundraising to drive growth in India's evolving infrastructure sector?
What impact could the increased promoter group holding of 75.24% have on minority shareholder interests and corporate governance?
Will MBL Infrastructure's capital expansion plans position it to compete for upcoming government infrastructure projects and smart city initiatives?
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