Presstonic Engineering promoter H. Chandrasekhar Kedilaya passes away

0 min read     Updated on 27 Jun 2026, 09:37 PM
scanx
Reviewed by
Suketu GScanX News Team
AI Summary

Presstonic Engineering announced the demise of promoter group member H. Chandrasekhar Kedilaya on June 21, 2026. He held 1,000 equity shares as of the date of his death. Consequently, he ceases to be part of the promoter group under SEBI regulations.

powered bylight_fuzz_icon
44122029

*this image is generated using AI for illustrative purposes only.

presstonic engineering announced the demise of its promoter group member, H. Chandrasekhar Kedilaya, on June 21, 2026. The company intimated the stock exchanges regarding this development on June 26, 2026. Kedilaya held 1,000 equity shares in the company as on the date of his death.

Following his demise, Kedilaya ceases to be a part of the promoter group of the company. This change occurs automatically in accordance with the provisions of Regulation 31A(6)(c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The disclosure was made in compliance with Regulation 30 and 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was submitted by Herga Poornachandra Kedilaya, Managing Director of Presstonic Engineering Limited.

Details of the Promoter Group Member

Particulars Details
Name H. Chandrasekhar Kedilaya
Category Promoter Group
Date of Demise June 21, 2026
Shareholding 1,000 equity shares

Historical Stock Returns for Presstonic Engineering

1 Day5 Days1 Month6 Months1 Year5 Years
-0.51%-5.03%-13.97%-52.90%-71.07%-80.10%

Who will inherit H. Chandrasekhar Kedilaya's 1,000 equity shares, and will they join the promoter group?

Will the reduction in the promoter group size impact the company's governance structure or strategic decisions?

Are there any anticipated changes in the company's leadership or board composition following this development?

like17
dislike

Presstonic Engineering seeks MD re-approval via postal ballot

1 min read     Updated on 28 May 2026, 01:30 PM
scanx
Reviewed by
Riya DScanX News Team
AI Summary

Presstonic Engineering Limited has announced a postal ballot notice to seek shareholder consent for the re-appointment of its Managing Director and Joint Managing Director, as well as the approval of their remuneration. The notice was published in newspapers on May 27, 2026, and is available on the company's website.

powered bylight_fuzz_icon
41500802

*this image is generated using AI for illustrative purposes only.

Presstonic Engineering Limited has announced a postal ballot notice seeking shareholder consent for the re-appointment of its Managing Director and Joint Managing Director, along with the approval of their remuneration. The company published the advertisement in newspapers on May 27, 2026, complying with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The notice was published in “Business Standard” (English – All editions) and “Prajawani” (Kannada – Bangalore edition). The complete document has been made available on the company’s website at www.presstonic.com for shareholder reference.

Key Details of the Postal Ballot

The postal ballot process allows members to vote on the resolutions regarding the re-appointment of the senior management and their remuneration. This mechanism is used to obtain necessary approvals without convening a physical general meeting.

Particulars Details
Purpose Re-appointment of Managing Director and Joint Managing Director and approval of remuneration
Publication Date May 27, 2026
Newspapers Business Standard, Prajawani
Website www.presstonic.com

The submission was made by Herga Poornachandra Kedilaya, Managing Director of Presstonic Engineering Limited. The communication was addressed to the National Stock Exchange of India Limited to ensure regulatory compliance.

Historical Stock Returns for Presstonic Engineering

1 Day5 Days1 Month6 Months1 Year5 Years
-0.51%-5.03%-13.97%-52.90%-71.07%-80.10%

What are the specific performance targets or strategic milestones expected from the leadership team during this new term?

How does the proposed remuneration structure align with current industry benchmarks and shareholder expectations?

What impact will the re-appointment of the current management team have on the company's long-term strategic direction?

like17
dislike

More News on Presstonic Engineering

Must Read Next

Earnings

Corporate Actions

Stocks

1 Year Returns:-71.07%