Shri Dinesh Mills Limited postal ballot notice published in newspapers under Regulation 47
Shri Dinesh Mills Limited published its postal ballot notice in newspapers on March 31, 2026, under Regulation 47 compliance, covering three key resolutions: Ms. Reshma Patel's re-appointment as Independent Director, CMD remuneration approval with Rs. 10,00,000 monthly salary, and Mrs. Tejal Rahul Amin's appointment as Independent Director with extensive corporate experience.
*this image is generated using AI for illustrative purposes only.
Shri Dinesh Mills Limited has issued a comprehensive postal ballot notice for three key resolutions following their board meeting held on March 27, 2026. The textile company announced these significant corporate governance matters through regulatory filing under SEBI LODR Regulations, with voting exclusively through remote e-voting process under Regulation 44.
Newspaper Publication Under Regulation 47
On March 31, 2026, Company Secretary J. B. Sojitra informed BSE Limited about the publication of postal ballot notice and e-voting facility advertisement in English and regional language newspapers. This publication was conducted in compliance with Regulation 47(1)(d) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.
| Publication Details: | Information |
|---|---|
| Publication Date: | March 31, 2026 |
| Languages: | English & Regional |
| Regulatory Compliance: | Regulation 47(1)(d) SEBI LODR |
| Filing Authority: | J. B. Sojitra, Company Secretary |
| Communication Method: | Online filing to BSE Limited |
| Notice Type: | Postal Ballot & E-voting facility |
Board Meeting Outcome
The Board of Directors convened on March 27, 2026, from 5.00 p.m. to 5.45 p.m., and approved the postal ballot notice for three critical resolutions. The meeting outcome was communicated to BSE Limited through an official filing by Company Secretary J. B. Sojitra.
| Meeting Details: | Information |
|---|---|
| Meeting Date: | March 27, 2026 |
| Meeting Duration: | 5.00 p.m. to 5.45 p.m. |
| Key Approvals: | Postal ballot notice for three resolutions |
| Filing Authority: | J. B. Sojitra, Company Secretary |
| E-voting Period: | April 1, 2026 to April 30, 2026 |
| Regulatory Compliance: | Regulation 44 of SEBI LODR |
Three Key Resolutions
The postal ballot notice encompasses three significant corporate matters requiring shareholder approval through remote e-voting exclusively under Regulation 44 and other applicable regulations.
Resolution 1: Ms. Reshma Patel Re-appointment
| Parameter: | Details |
|---|---|
| Director Name: | Ms. Reshma Patel |
| DIN: | 00165162 |
| Position: | Non-Executive Independent Director |
| Re-appointment Period: | March 15, 2026 to March 14, 2031 |
| Resolution Type: | Special Resolution |
| Previous Term: | March 15, 2021 to March 14, 2026 |
| Current Age: | 65 years |
| Board Meeting Attendance: | 5 out of 5 meetings |
Resolution 2: CMD Remuneration Approval
The second resolution addresses remuneration for Shri Bharatbhai Patel, Chairman & Managing Director, for his unexpired tenure from April 1, 2026 to March 31, 2028.
| Remuneration Details: | Amount/Terms |
|---|---|
| Basic Salary: | Rs. 10,00,000 per month |
| Annual Increment: | Rs. 1,00,000 effective April 1 each year |
| Commission: | Up to 1% of net profit |
| House Rent Allowance: | 60% of salary |
| Furnishing Allowance: | 20% of salary |
| Education Allowance: | 10% of salary |
| Remuneration Period: | April 1, 2026 to March 31, 2028 |
| Resolution Type: | Special Resolution |
Resolution 3: Mrs. Tejal Rahul Amin Appointment
| Parameter: | Details |
|---|---|
| Director Name: | Mrs. Tejal Rahul Amin |
| DIN: | 00169860 |
| Position: | Non-Executive Independent Director |
| Appointment Date: | March 28, 2026 |
| Term Duration: | Five years (March 28, 2026 to March 27, 2031) |
| Resolution Type: | Ordinary Resolution |
| Shares Held: | NIL |
| Age: | 65 years |
Professional Background
Mrs. Tejal Rahul Amin brings extensive experience spanning over 40 years in the corporate sector and educational institutions. She is a Commerce Graduate with distinguished leadership across multiple organizations.
Current Leadership Positions
- Whole Time Director at JSL Industries Ltd.
- Director at Jyoti Ltd.
- Chairperson of Navrachana Education Society
- Founding Director and Chairperson of Vadodara Marathon Organizing Committee
Educational Leadership Excellence
As Chairperson of the 60-year-old Navrachana Education Society, Mrs. Amin has led significant institutional expansion. Under her leadership, the society has grown from a single institution to encompass 8 additional institutions, including four leading schools affiliated to National and International Education Boards and Navrachana University (NAAC A grade) established under the Gujarat Private Universities Act.
E-voting Process Details
The postal ballot voting will be conducted exclusively through remote e-voting via NSDL platform pursuant to Section 108, 110 of the Companies Act, 2013 and Regulation 44 of SEBI LODR Regulations. CS Heena Patel, Practicing Company Secretary (Membership No. A-40323), has been appointed as Scrutinizer to ensure fair and transparent voting process.
| E-voting Schedule: | Timeline |
|---|---|
| Voting Start: | April 1, 2026 (9:00 a.m. IST) |
| Voting End: | April 30, 2026 (5:00 p.m. IST) |
| Cut-off Date: | March 20, 2026 |
| Results Declaration: | On or before May 2, 2026 |
| Scrutinizer: | CS Heena Patel (A-40323) |
| Platform: | NSDL e-voting system |
Regulatory Compliance
All appointments have been made in compliance with Regulation 30, Regulation 44, and Regulation 47 of SEBI (LODR) Regulations, 2015, along with provisions of the Companies Act, 2013. The company has confirmed that both directors are not related to any existing Director and meet independence criteria under Companies Act, 2013 and SEBI regulations. The postal ballot notice is available on the company website at www.dineshmills.com and NSDL website at www.evoting.nsdl.com .
Historical Stock Returns for Shri Dinesh Mills
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.43% | +1.38% | -1.86% | -20.38% | -18.04% | -35.42% |
How might the appointment of two independent directors at age 65 impact Shri Dinesh Mills' board succession planning strategy?
What strategic initiatives could justify the significant 10% annual salary increase for the Chairman & Managing Director's remuneration package?
Will the enhanced board governance structure position Shri Dinesh Mills for potential expansion in the competitive textile industry?
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