Global Infratech & Finance Limited has issued a comprehensive postal ballot notice seeking shareholder approval for a key managerial appointment through electronic voting. The company submitted the notice to BSE Limited on February 4, 2026, under Regulation 30 of SEBI LODR Regulations, 2015.

E-Voting Schedule and Process

The company has established a structured timeline for the electronic voting process to ensure maximum shareholder participation. The e-voting facility will be available exclusively through NSDL's platform, with no physical postal ballot forms being distributed to members.

Proposed Appointment Details

The primary agenda involves the appointment of Mr. Amarnath Srinivasalu Vecham as Chairman & Managing Director through a special resolution. The Board of Directors approved this appointment at their meeting held on January 21, 2026, subject to shareholder approval.

Key Appointment Parameters

Remuneration Structure

The proposed remuneration package for the Chairman & Managing Director has been structured in compliance with the Companies Act, 2013 and Schedule V provisions. The Nomination and Remuneration Committee has approved the compensation terms.

Salary Components:

• Maximum annual salary: ₹ 12,00,000 (Rupees Twelve Lakh Only)
• Monthly remuneration: ₹ 1,00,000 per month
• Additional employment benefits as per industry norms and government regulations
• Increments to be determined by the Board of Directors

Expense Reimbursements:

• Travel, boarding, and lodging expenses for business trips
• Car provision for company business
• Communication expenses at residence
• Security expenses for the appointee and family members

Shareholder Eligibility and Voting Rights

Only shareholders whose names appear in the Register of Members or Register of Beneficial Owners as on the cut-off date of January 30, 2026, are eligible to participate in the e-voting process. Voting rights will be proportionate to the paid-up value of shares registered in the member's name.

The postal ballot notice has been sent electronically to shareholders who have registered their email addresses with the Registrar and Transfer Agent (Purva Sharegistry India Private Limited) or their respective Depository Participants. Physical copies are not being distributed in compliance with MCA circulars.

Results and Compliance

The scrutinizer will submit her report to the Chairman within 48 hours of the e-voting conclusion. Results will be announced within 2 working days and will be displayed at the company's registered office, communicated to BSE Limited, and uploaded on the company's website www.globalinfrainfin.in and NSDL's website www.evoting.nsdl.com .

The resolution, if passed by requisite majority, will be deemed to have been passed on March 6, 2026, the last date of remote e-voting. The appointment is subject to any approval required from the Central Government under applicable provisions of the Companies Act, 2013.

Global Infratech and Finance Limited has executed a seamless Chief Financial Officer transition, with the board approving both the resignation of Krishan Lal Sharma and the appointment of H Raghuram Shetty as the new CFO, effective January 21, 2026.

Board Meeting Outcomes

The company's board meeting, held on January 21, 2026, from 14:00 to 15:15 hours, addressed the key management personnel changes following the Nomination & Remuneration Committee's recommendations. The board formally accepted Sharma's resignation and simultaneously approved Shetty's appointment to ensure continuity in the CFO role.

Outgoing CFO Details

The regulatory disclosure under SEBI LODR Regulations, 2015, provides comprehensive details about the leadership transition:

Sharma's resignation letter, dated January 21, 2026, from New Delhi, expressed gratitude to the management for their cooperation and support during his tenure. He specifically requested the board to inform exchanges, ROC, and other authorities about his resignation in a timely manner.

New CFO Profile and Qualifications

H Raghuram Shetty brings substantial financial sector experience to his new role as CFO. His professional background demonstrates extensive banking expertise:

Regulatory Compliance

The company has fulfilled all regulatory requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure confirms that Shetty has not been debarred from holding office by SEBI or any other authority, as required under BSE circular LIST/COMP/14/2018-19 and NSE circular NSE/CML/2018/24.

Leadership Transition Impact

The immediate effective date of both the resignation and appointment ensures uninterrupted financial leadership for Global Infratech and Finance Limited. Shetty's extensive banking background, spanning over five decades since 1971, positions him well to handle the CFO responsibilities. His international exposure through training at Strathclyde University, Glasgow, adds valuable global perspective to his financial expertise.

The smooth transition reflects the company's proactive approach to key management changes, with the board ensuring proper succession planning and regulatory compliance throughout the process.