Valecha Engineering Limited Completes Postal Ballot for Independent Director Appointment
Valecha Engineering Limited successfully completed its postal ballot process on March 31, 2026, for appointing Mr. Aniruddh Shrikhande as Non-Executive Independent Director. The special resolution received 99.95% shareholder approval through remote e-voting, with 40 members voting in favor representing 54,403 shares. The process was conducted entirely through electronic mode from February 28 to March 29, 2026, under scrutinizer supervision, demonstrating strong regulatory compliance and shareholder confidence.
*this image is generated using AI for illustrative purposes only.
Valecha Engineering Limited has successfully completed its postal ballot process for the appointment of a new independent director, with shareholders demonstrating strong support for the proposed resolution. The company disclosed the voting results and scrutinizer's report on March 31, 2026, in compliance with Regulation 44(3) of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
Postal Ballot Process and Timeline
The postal ballot notice was issued on February 17, 2026, with the cut-off date for eligible shareholders set as February 20, 2026. The company conducted the entire process through electronic mode, sending notices only to members whose email addresses were registered with the company or depositories, in compliance with MCA circulars.
The remote e-voting facility, provided by National Securities Depository Limited (NSDL), commenced at 9:00 AM on February 28, 2026, and concluded at 5:00 PM on March 29, 2026. An advertisement regarding the postal ballot was published on March 4, 2026, in Active Times (English Edition) and Mumbai Mitra (Marathi Edition).
Director Appointment Results
The special resolution for appointing Mr. Aniruddh Shrikhande (DIN: 11387324) as Non-Executive Independent Director received overwhelming shareholder approval:
| Voting Outcome: | Members | Votes (Shares) | Percentage |
|---|---|---|---|
| In Favor: | 40 | 54,403 | 99.95% |
| Against: | 2 | 23 | 0.05% |
| Invalid Votes: | 0 | 0 | 0% |
The resolution was passed with the requisite majority, demonstrating strong shareholder confidence in the proposed appointment.
Scrutinizer's Oversight
Rohit Periwal & Associates, Company Secretaries, served as the appointed scrutinizer for the postal ballot process. The scrutinizer's report, dated March 31, 2026, confirmed the proper conduct of the remote e-voting process in accordance with Sections 108 and 110 of the Companies Act, 2013.
The votes were unblocked and downloaded on March 30, 2026, at 11:25 AM from NSDL's portal, witnessed by two independent witnesses - Mr. Kathan Joshi and Ms. Toshi Jain, who are not employed by the company.
Regulatory Compliance
The company has fulfilled all regulatory requirements under the Securities and Exchange Board of India regulations. The voting results and scrutinizer's report are available on the company's website at valecha.in and on NSDL's e-voting platform at evoting.nsdl.com.
Vijaykumar Modi, Company Secretary & Legal, signed the disclosure documents, ensuring proper documentation and compliance with all applicable regulations. The electronic data and relevant records relating to the remote e-voting process have been handed over to the Company Secretary for safekeeping.
What strategic initiatives or business expansion plans might Valecha Engineering pursue with the new independent director's expertise?
How could Mr. Aniruddh Shrikhande's appointment impact the company's governance structure and board decision-making processes?
Will this board strengthening signal potential fundraising activities or major corporate transactions in the near future?
16
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
