News Corporate Actions Anik Industries Limited Announces Postal Ballot for Director Appointment and Promoter ReclassificationAnik Industries Limited Announces Postal Ballot for Director Appointment and Promoter Reclassification
Anik Industries Limited has issued a postal ballot notice seeking shareholder approval for appointing Mr. Mahesh Kumar Sharma as Whole-Time Director with Rs. 1,20,000.00 monthly CTC for four years, and reclassifying promoter group entities holding 6,48,260 shares (2.33%) to public category. The e-voting process runs from February 26 to March 27, 2026, with results expected by March 31, 2026.
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Anik Industries Limited has issued a comprehensive postal ballot notice to shareholders, seeking approval for significant corporate governance changes through electronic voting. The company has outlined two key resolutions requiring shareholder consent, with the voting process scheduled to commence shortly.
Key Resolutions for Shareholder Approval
The postal ballot addresses two critical matters that require shareholder approval. The first involves the appointment of a new Whole-Time Director, while the second concerns the reclassification of promoter group entities to public category status.
Director Appointment Details
The company proposes to appoint Mr. Mahesh Kumar Sharma (DIN: 09078331) as Whole-Time Director through a Special Resolution. Mr. Sharma was initially appointed as Additional Director by the Board on January 20, 2026, subject to shareholder approval.
| Parameter: | Details |
|---|---|
| Appointment Period: | 4 years (January 20, 2026 to January 19, 2030) |
| Basic Pay: | Rs. 48,000.00 per month |
| Allowances: | Rs. 65,693.00 per month |
| Bonus: | Rs. 3,998.00 per month |
| Gratuity: | Rs. 2,309.00 per month |
| Total CTC: | Rs. 1,20,000.00 per month |
Mr. Sharma brings over 24 years of diversified experience in financial operations and due diligence across various industries. He holds a Master's degree in Law (LLM) and has been associated with the company since 2018. The appointee currently holds directorships in Revera Milk & Foods Private Limited, Dhanania Rubber Limited, and One Rajarhat Maintenance LLP.
Promoter Reclassification Initiative
The second resolution seeks approval for reclassifying promoter and promoter group entities to public category under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This reclassification has received No-Objection Certificates from both BSE and NSE dated January 20, 2026.
| Entity: | Shares Held | Percentage |
|---|---|---|
| Patanjali Foods Limited: | 3,91,560 | 1.41% |
| Mrs. Usha Shahra: | 1,15,100 | 0.41% |
| Mr. Suyash Shahra (Shashwat Trust): | 1,09,600 | 0.39% |
| Mr. Vishesh Shahra: | 27,000 | 0.10% |
| Steeltech Resources Limited: | 5,000 | 0.02% |
| Total Reclassification: | 6,48,260 | 2.33% |
Several other promoter group entities holding nil shares are also included in the reclassification proposal, including various HUFs and private limited companies previously classified under the promoter group category.
Voting Process and Timeline
The company has established a comprehensive e-voting framework for the postal ballot process. The voting will be conducted exclusively through electronic means, with no physical ballot forms being distributed to shareholders.
| Timeline: | Details |
|---|---|
| Cut-off Date: | Friday, February 20, 2026 |
| Notice Dispatch: | February 24, 2026 |
| E-voting Commencement: | Thursday, February 26, 2026 (9:00 AM IST) |
| E-voting Closure: | Friday, March 27, 2026 (5:00 PM IST) |
| Results Announcement: | On or before Tuesday, March 31, 2026 |
Mr. Amit Jain, Proprietor of M/s. Amit Preeti & Associates, Practicing Company Secretary (Membership No.: F-7859 & COP No.: 24303), has been appointed as Scrutinizer for conducting the postal ballot process. The Board of Directors approved this appointment at their meeting held on February 12, 2026.
Company Financial Performance Context
The postal ballot notice includes the company's recent financial performance data, providing context for the proposed appointments. The company reported revenue from operations of Rs. 11637.25 lakhs for FY 2024-25 on both standalone and consolidated basis, compared to Rs. 10060.00 lakhs in the previous year.
| Financial Metric (FY 2024-25): | Standalone (Rs. Lakhs) | Consolidated (Rs. Lakhs) |
|---|---|---|
| Revenue from Operations: | 11637.25 | 11637.25 |
| Profit Before Tax: | 450.04 | 365.70 |
| Profit After Tax: | 388.30 | 303.96 |
| Earnings Per Share (Rs.): | 1.40 | 1.10 |
The company operates primarily in trading, real estate, mining, and other business segments. It was incorporated on February 10, 1976, and has been in commercial operation since receiving its commencement of business certificate on the same date.
Shareholders whose names appear in the Register of Members as on the cut-off date and have registered email addresses will receive the postal ballot notice electronically. The results will be published on the company's website at www.anikgroup.com and communicated to both NSE and BSE where the company's equity shares are listed.
Historical Stock Returns for Anik Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.54% | -0.91% | -6.14% | -50.86% | -52.40% | +165.93% |
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