shree marutinandan tubes Limited has initiated a postal ballot to seek shareholder approval for changing its corporate name to Shree Marutinandan Industries Limited and appointing two promoters to key executive roles. The move aims to reflect the company’s broadened operations beyond steel tubes into fire protection and machinery, while formalizing leadership succession through the designation of Vikram Shivrattan Sharma as Chairman & Whole-time Director and Bharat Shivratan Sharma as Managing Director. Voting opens on August 10, 2026, and closes on September 08, 2026.

The postal ballot notice, dated August 07, 2026, was issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors approved the resolutions at its meeting held on August 05, 2026. M/s. B. S. Vyas & Associates (COP: 26078), Practicing Company Secretaries, has been appointed as the Scrutinizer for the process. Bigshare Services Private Limited will facilitate remote e-voting. Physical ballot forms are not being dispatched in compliance with Regulation 44 of the SEBI Listing Regulations.

The proposed name change from 'Shree Marutinandan Tubes Limited' to 'Shree Marutinandan Industries Limited' is intended to create a unified brand identity across the group, particularly aligning with its joint venture entity, Shree Maruti & Associates Fire Protection Systems. A certificate from M/s. S K Jha & Co., Chartered Accountants, confirms compliance with Regulation 45(1) of the SEBI Listing Regulations, noting that more than one year has elapsed since the last name change (June 22, 2023) and that the new name is generic, not suggesting a specific new business activity.

Vikram Shivrattan Sharma, currently Managing Director, will resign from his post effective August 5, 2026, to assume the role of Chairman & Whole-time Director for five years, starting August 6, 2026. Bharat Shivratan Sharma, currently Whole-time Director, will be appointed as Managing Director for a similar five-year term. Both are brothers and promoters of the company. Their remuneration is capped at ₹40,00,000 per annum for three years (August 6, 2026, to August 5, 2029). This amount may exceed the limits prescribed under Schedule V of the Companies Act, 2013, in case of inadequate profits, necessitating shareholder approval via special resolution.

What the Numbers Show

The leadership restructuring coincides with steady financial growth. For FY25-26, the company reported total revenue of ₹14,942.86 lakhs, up from ₹11,515.15 lakhs in FY24-25. Profit after tax rose to ₹357.74 lakhs from ₹280.13 lakhs in the prior year. The proposed remuneration cap of ₹40,00,000 per annum for each executive represents a significant increase from their previous draw of ₹15,00,000 per annum in FY24-25, reflecting their expanded responsibilities in driving the company’s diversified growth strategy.

Shree Marutinandan Tubes has restructured its senior leadership team, appointing Vikram Shivrattan Sharma as Chairman & Whole-time Director and Bharat Shivratan Sharma as Managing Director. The changes, which took effect on August 06, 2026, were approved by the Board of Directors during a meeting held on August 05, 2026, at the company’s registered office. This reorganization consolidates leadership under two brothers who have been associated with the company since its incorporation, signaling a continued family-led management approach.

The Board approved the resignations of both executives from their previous positions with effect from the close of business hours on August 05, 2026. Vikram Shivrattan Sharma stepped down as Managing Director, while Bharat Shivratan Sharma resigned from his role as Whole-time Director. These resignations were procedural steps to facilitate their new appointments as Additional Directors (Executive) and Key Managerial Personnel. Both appointments are subject to approval by the company’s members at a general meeting.

Leadership Changes and Tenure

Both directors have been appointed for a term of five years, running from August 06, 2026, to August 05, 2031. The appointments were made based on the recommendation of the Nomination and Remuneration Committee.

Vikram Shivrattan Sharma, aged 39, holds a Diploma in Business Administration and a Master’s in Business Administration. He has been with the company since March 12, 2013, and served as Managing Director since May 08, 2023. Bharat Shivratan Sharma, aged 45, is a graduate from Gujarat University. He joined the board on March 12, 2013, and became Whole-time Director on May 08, 2023.

Regulatory Compliance and Disclosures

The company disclosed these changes pursuant to Regulation 30 read with Regulation 30(6) and Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also complies with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

As required by BSE Circular No. LIST/COMP/14/2018-19 dated June 20, 2018, the company confirmed that neither director is debarred from holding office by the Securities and Exchange Board of India or any other authority. The relationship between the two appointees was disclosed: they are brothers and sons of Shri Shivratan Jivram Sharma. No other relationships with other directors or Key Managerial Personnel were reported.