Weizmann Limited has successfully concluded its postal ballot process, with shareholders overwhelmingly approving the continuation of directorship for a key board member. The company announced on March 27, 2026, that the special resolution regarding the continuation of Shri. Dharmendra Gulabchand Siraj as a Non-Executive Non-Independent Director post attaining the age of 75 years has been passed with requisite majority.

Postal Ballot Process Details

The postal ballot was conducted in accordance with Section 110 of the Companies Act, 2013, and the Companies (Management and Administration) Rules, 2014. The process was overseen by scrutinizer Martinho Ferrao (Membership No. F6221/C.P. No. 5676) of M/s. Martinho Ferrao and Associates, Practising Company Secretaries.

Voting Results and Shareholder Participation

The postal ballot witnessed significant shareholder participation with strong support for the resolution. The voting was conducted exclusively through remote e-voting facility provided by National Securities Depository Limited (NSDL).

Resolution Outcome

The special resolution received overwhelming support from shareholders across all categories. Out of the total 15493852 shares, 12598683 votes were polled, representing 81.31% participation. The resolution was approved with 12595635 votes (99.98%) in favor and only 3048 votes (0.02%) against.

Regulatory Compliance

The company fulfilled all regulatory requirements under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The postal ballot notice was published in Financial Express (English) and Mumbai Lakshadeep (Marathi) newspapers on February 24, 2026. The voting results and scrutinizer's report have been uploaded on the company's website and NSDL's e-voting portal as required under Regulation 44(3).

Board Composition Impact

With this approval, Shri. Dharmendra Gulabchand Siraj will continue serving as a Non-Executive Non-Independent Director of Weizmann Limited beyond the age of 75 years. The resolution ensures continuity in the company's board composition and leverages his experience for the organization's benefit. The approval process was countersigned by Neelkamal V Siraj, Vice Chairman and Managing Director (DIN: 00021986), confirming the completion of all procedural requirements.

Weizmann Limited has issued a postal ballot notice to shareholders seeking approval for the continuation of directorship of Shri. Dharmendra Gulabchand Siraj as Non-Executive Non-Independent Director after he attains the age of 75 years. The company announced this development through a regulatory filing dated February 23, 2026, in compliance with Regulation 30 of SEBI Listing Regulations.

Postal Ballot Details and Timeline

The remote e-voting process has been structured with specific timelines and procedures to ensure shareholder participation:

The company has engaged NSDL to provide remote e-voting facilities to shareholders. The postal ballot notice is being sent only through electronic mode to members whose email addresses are registered with the company, RTA, or depositories as per MCA circulars.

Regulatory Compliance and Requirements

The postal ballot seeks approval through a Special Resolution as mandated by Regulation 17(1A) of SEBI Listing Regulations. This regulation requires listed companies to obtain shareholder approval through special resolution for continuation of Non-Executive Directors who have attained 75 years of age.

The Nomination and Remuneration Committee recommended Shri. Siraj's continuation at its meeting held on February 12, 2026, followed by Board approval. The company has confirmed that he is not disqualified under Section 164 of the Companies Act, 2013, and has provided his consent for continuation.

Director Profile and Justification

Shri. Dharmendra Gulabchand Siraj brings extensive experience to the company's leadership:

He has been associated with renewable energy promotion and exports, serving on the Export Promotion Panel of Cotton Textile Export Promotion Council and the All India Exporters Chamber committee.

Voting Process and Shareholder Access

Shareholders can access the postal ballot notice on multiple platforms including the company's website, stock exchange websites (BSE and NSE), and NSDL's e-voting portal. The company has made arrangements with Bigshare Services Private Limited for shareholders to register their email addresses if not already registered.

Voting rights will be calculated based on the paid-up value of shares registered in shareholders' names as of the cut-off date. The resolution, if passed by requisite majority, will be deemed passed on March 26, 2026, the last date of e-voting.