Wonder Electricals Limited issued a postal ballot notice on February 17, 2026, seeking shareholder approval for the appointment of Mr. Atul Mital as Independent Director. The company announced the e-voting process under Regulation 30 of SEBI listing requirements, with voting scheduled from February 18 to March 19, 2026.

Official Postal Ballot Intimation

The company has formally notified both NSE and BSE regarding the postal ballot and e-voting process. Wonder Electricals has entered into an agreement with NSDL to provide remote e-voting facility to shareholders for exercising their voting rights on the proposed resolution.

E-Voting Schedule and Process

The company has initiated a postal ballot process exclusively through remote e-voting to obtain shareholder approval for Mr. Atul Mital's appointment as Independent Director. The voting process follows SEBI regulations and Companies Act provisions for electronic shareholder participation.

Shareholders whose names are recorded in the register of members or beneficial owners maintained by depositories as on the cut-off date are entitled to participate in the remote e-voting process. The postal ballot notice has been sent electronically to shareholders with registered email addresses.

Director Appointment Resolution

Shareholders will vote on a Special Resolution for appointing Mr. Atul Mital (DIN: 01391029) as Independent Director for a five-year term from February 11, 2026, to February 10, 2031. The appointment follows his initial designation as Additional Director by the Board of Directors.

The resolution includes provisions under Regulation 17(1A) of SEBI Listing Regulations allowing Mr. Mital to continue as Independent Director even after attaining 75 years of age during his tenure.

Director Profile and Qualifications

Mr. Atul Mital brings extensive experience in electrical products manufacturing and corporate management to Wonder Electricals' board. His appointment strengthens the company's governance structure with industry-specific expertise.

Mr. Mital has provided declarations confirming his independence criteria under Section 149(6) of the Companies Act, 2013, and Regulation 16(1)(b) of SEBI Listing Regulations. He has confirmed no disqualification under Section 164 of the Companies Act.

Wonder Electricals has announced its unaudited financial results for the quarter ended December 31, 2025, along with several key corporate developments. The company's Board of Directors approved the quarterly results and made important strategic decisions during their meeting held on February 11, 2026.

Q3FY26 Financial Performance

The company reported mixed financial performance for the third quarter, with revenue declining compared to the previous year period:

For the nine-month period ended December 31, 2025, the company achieved revenue of ₹402.53 crore compared to ₹582.47 crore in the corresponding period of the previous year, representing a decline of 30.9%. Net profit for the nine-month period stood at ₹1.93 crore versus ₹7.39 crore in the previous year.

Corporate Actions and Appointments

The Board approved several significant corporate decisions during the meeting:

Mr. Atul Mital brings over 25 years of experience in manufacturing electrical products, general management, and human resource management. His appointment is subject to shareholder approval.

Operational Developments

The company has established "Integrated Motion & Control LLP" with 51% shareholding. The LLP will operate a manufacturing unit in SIDCUL, Haridwar, focusing on PCB card manufacturing for ceiling fans and electronic products. However, operations have not commenced as of December 31, 2025.

Committee Restructuring

Wonder Electricals reconstituted its board-level mandatory committees effective February 11, 2026. The restructured committees include the Audit Committee, Nomination & Remuneration Committee, Stakeholder's Relationship Committee, and Corporate Social Responsibility Committee, with Mr. Sunil Malhotra serving as chairperson for multiple committees and Mr. Atul Mital taking key positions following his appointment.

The company continues to focus on its core business of manufacturing electrical appliances while exploring new growth opportunities through strategic partnerships and product diversification.