PG Electroplast Limited has issued a comprehensive postal ballot notice dated March 24, 2026, seeking shareholder approval for the reappointment of two Independent Directors for their second consecutive five-year terms. The notice was formally communicated to stock exchanges on March 31, 2026, outlining the complete e-voting process and timeline for member participation.

Postal Ballot Notice and E-Voting Details

The company has engaged KFin Technologies Limited to provide remote e-voting facility to shareholders, with the voting period scheduled from April 1, 2026, at 9:00 A.M. to April 30, 2026, at 5:00 P.M. The notice is being distributed electronically to members whose email addresses are registered with the company or depositories, with March 27, 2026, set as the cut-off date for determining eligible voters.

Independent Directors Seeking Reappointment

The postal ballot seeks shareholder approval through special resolutions for two key reappointments that will shape the company's independent oversight structure. Both directors are proposed for second consecutive five-year terms, bringing continuity to the board's governance framework.

Director Profiles and Expertise

Mr. Ram Dayal Modi brings over four decades of experience in banking and financial services with the SBI Group, having retired as General Manager in June 2011. His expertise spans credit management, project appraisal, business planning, and branch banking operations. He holds an MA in Political Science from University of Udaipur and is a Certified Associate of the Indian Institute of Bankers.

Mrs. Ruchika Bansal is a management consultant with over 23 years of experience specializing in M&A advisory, wealth management, investment banking, and private equity. She founded Tarvos Consulting Services Pvt Ltd in 2013 and holds a commerce degree from SRCC, Delhi University, along with a Post Graduate Diploma in Management from MDI, Gurgaon.

Regulatory Compliance and Scrutinizer Appointment

The Board has appointed Ms. Puja Mishra of M/s Puja Mishra & Co., Practicing Company Secretaries (Membership No. 42927, CP No. 17148), as the Scrutinizer to conduct the postal ballot process. The scrutinizer will submit her report to the Chairman upon completion of e-voting, with results to be announced on or before May 4, 2026.

The postal ballot notice includes detailed instructions for e-voting through multiple platforms including KFintech, NSDL, and CDSL systems, ensuring comprehensive access for all eligible shareholders to participate in this crucial governance decision.

PG Electroplast has announced that its wholly owned subsidiary, PG Technoplast Private Limited, has received approval for the disbursement of ₹37.5 crore as the 3rd tranche under the Production Linked Incentive (PLI) scheme. The sanction letter was received from IFCI Limited on March 27, 2026, with acceptance given on March 28, 2026.

PLI Scheme 3rd Tranche Details

The latest approval represents a significant milestone for the subsidiary's manufacturing operations under the government's white goods PLI scheme:

Product Coverage and Manufacturing Focus

The PLI incentive covers the company's diversified white goods manufacturing portfolio. The scheme encompasses multiple product categories that demonstrate the subsidiary's comprehensive approach to electronics and appliances manufacturing:

Regulatory Compliance and Disclosure

The company has made this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The payment of ₹37.5 crore has been sanctioned as per the existing terms and conditions of the PLI scheme, as amended from time to time.

PG Technoplast Private Limited, being a wholly owned subsidiary of PG Electroplast Limited, continues to benefit from the government's Production Linked Incentive scheme designed to boost domestic manufacturing capabilities in the white goods sector. This 3rd tranche approval reinforces the subsidiary's successful performance in achieving determined sales values under the scheme parameters.