Shankar Lal Rampal Dye Chem Limited has announced the outcome of its postal ballot process concerning the appointment of Mr. Sumit Jain as an Independent Director. The company disclosed that the resolution received approval from shareholders with the requisite majority. The voting process was conducted via remote e-voting, managed by the scrutinizer, Mr. Nitin Mehta, a Practicing Company Secretary.

Appointment Details

The special resolution sought approval for the appointment of Mr. Sumit Jain (DIN: 11490160) as an Independent Director, not liable to retire by rotation. The tenure for this position is set for five consecutive years, commencing on April 9, 2026, and concluding on April 8, 2031. The postal ballot notice was initially dispatched to shareholders on April 15, 2026.

Voting Results

The scrutinizer's report confirmed that the resolution was passed with overwhelming support. A total of 53,511,807 valid electronic votes were received during the voting period, which ran from April 17, 2026, to May 16, 2026. The breakdown of the votes indicates unanimous support from the promoter and public institution categories, with near-unanimous support from public non-institutional shareholders.

The detailed voting patterns revealed that promoters cast 47,083,070 votes in favour, while public non-institutional shareholders cast 6,404,630 votes in favour. The results were formally announced on May 18, 2026, following the submission of the scrutinizer's report.

Shankar lal rampal dye chem Limited has published newspaper advertisements for its postal ballot notice seeking shareholder approval for the appointment of Mr. Sumit Jain as Independent Director. The company submitted the advertisement copies to stock exchanges on April 16, 2026, following the board changes announced after its meeting held on April 9, 2026.

Newspaper Advertisement Publication

The company published the postal ballot advertisement in two newspapers on April 16, 2026, as part of its regulatory compliance under SEBI (LODR) Regulations, 2015:

Postal Ballot Process Details

The postal ballot notice was originally sent on April 15, 2026, seeking shareholder approval for Mr. Sumit Jain's appointment as Independent Director:

E-Voting Schedule and Process

The company has announced detailed timelines for the postal ballot process with voting restricted to electronic mode only:

Shareholders holding shares in physical or dematerialized form as on the cut-off date of April 10, 2026, are eligible to vote electronically. The notice has been sent to members whose email IDs are registered with the company or depository participants.

Board Composition and Background

Mr. Sumit Jain's appointment follows the resignation of Mr. Murli Atal as Independent Director with effect from March 26, 2026. The appointment brings technical expertise in health sciences and business dynamics to the board:

Due to the board composition change, three key committees were reconstituted effective April 9, 2026, including the Audit Committee and Stakeholders' Relationship Committee.

Regulatory Compliance

The newspaper advertisement publication represents the company's continued compliance with regulatory requirements. The company had earlier filed a corrigendum on April 9, 2026, to correct typographical errors in the original board meeting outcome, specifically addressing committee reconstitution dates and postal ballot cut-off dates.