Rajnandini Metal Limited has initiated a postal ballot process to seek shareholder approval for the re-appointment of two independent directors and the appointment of a new Chairman and Managing Director. The resolutions propose a second five-year term for Mr. Sanjeev Chhaudha and Mr. Arun Sharma, alongside a three-year tenure for Mr. Ashok Kalra as the company's executive head. The outcome of these votes will determine the leadership structure and governance continuity for the company starting from late 2025 and early 2026.

The postal ballot notice, dated May 20, 2026, outlines three special resolutions requiring shareholder consent. Mr. Sanjeev Chhaudha (DIN: 08932721) is proposed for re-appointment as an Independent Director for a term of five years effective from November 06, 2025, to November 05, 2030. Similarly, Mr. Arun Sharma (DIN: 09107533) is slated for re-appointment for a second term of five years from March 16, 2026, to March 15, 2031. Additionally, the company seeks approval to appoint Mr. Ashok Kalra (DIN-09024019) as Chairman and Managing Director for a period of three years commencing February 27, 2026, to February 26, 2029.

Remuneration and Terms

The appointment of Mr. Ashok Kalra as Chairman and Managing Director includes a specific remuneration package. He is entitled to a basic salary of ₹4,00,000 per month. The company will also provide a car with a driver and telephone facilities for both official and personal purposes. The remuneration structure ensures that Mr. Kalra receives a minimum fixed salary, perquisites, and allowances even if the company incurs losses or profits are inadequate during his tenure, subject to statutory provisions.

Voting Process and Timelines

Shareholders registered on the books of the company or in the records of depositories as of the cut-off date, Friday, June 12, 2026, are eligible to participate in the remote e-voting. The company has engaged National Securities Depositories Limited (NSDL) to facilitate the electronic voting process. The remote e-voting period is scheduled to commence at 9:00 a.m. IST on Wednesday, June 17, 2026, and will conclude at 5:00 p.m. IST on Thursday, July 16, 2026.

The results of the postal ballot will be announced on Friday, July 17, 2026. Mr. Abhishek Jain of Abhishek J. & Co, Practicing Company Secretaries, has been appointed as the Scrutinizer to oversee the voting process. The notice has been sent electronically to members, and physical copies are not being dispatched for this ballot. The resolutions, if passed by the requisite majority, will be deemed to have been passed on the last day of the e-voting period.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE00KV01022/b63093a51da74e22.pdf

Rajnandini Metal Limited has appointed Mr. Pradeep Kumar Verma as an Additional Non-Executive Independent Director for a term of five years effective June 08, 2026, subject to shareholder approval. The appointment was approved by the Board of Directors during its meeting held on June 08, 2026, following a recommendation from the Nomination and Remuneration Committee. The new director will serve until June 07, 2031, pending ratification by members in the ensuing General Meeting.

The Board confirmed that Mr. Verma is not debarred from holding the office of director by virtue of any SEBI order or any other authority, in compliance with NSE Circular NSE/CML/2018/24 dated June 20, 2018. The company disclosed the brief profile of the appointee as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular CIR/CFD/CMD/4/2015 dated September 09, 2015.

Director Profile

Mr. Pradeep Kumar Verma holds a Master of Commerce (M. Com) degree from the University of Rajasthan, Jaipur. He is an Associate Member of the Institute of Company Secretaries of India (ICSI) and has completed his LLB from Rajasthan University. He possesses four years of experience in legal matters, secretarial compliance, and filing work, managing compliance for listed, public, and private companies.

The company confirmed that Mr. Verma has no relationship with any other directors of the company. The Board meeting commenced at 05:00 PM IST and concluded at 05:30 PM on June 08, 2026.