Black Rose Industries Limited , a prominent player in the chemicals sector, has issued a postal ballot notice seeking shareholder approval for the appointment of Mr. Mayur Desai as Non-Executive Independent Director through electronic voting.

Postal Ballot Notice Details

The company has issued a postal ballot notice dated December 16, 2025, to BSE Limited for seeking member approval through a special resolution. The notice pertains to the appointment of Mr. Mayur Bhupendralalal Desai (DIN: 00358846) as a Non-Executive Independent Director.

Director Appointment Details

Mr. Mayur Desai was initially appointed as an Additional Director (Non-Executive Independent) effective November 11, 2025, subject to member approval through postal ballot. His appointment is proposed for a five-year term from November 11, 2025, to November 10, 2030.

Mr. Desai brings over four decades of experience as a Chartered Accountant, with expertise in:

• Taxation and regulatory matters
• Transaction advisory services
• Corporate governance
• Financial management and oversight
• Mergers and acquisitions

His extensive background includes advising listed companies, multinational corporations, and start-ups on complex tax and regulatory matters. Mr. Desai has also been a former committee member of BCAS (Bombay Chartered Accountants Society) and CTC (Chamber of Tax Consultants).

E-Voting Process

In compliance with MCA circulars, the postal ballot notice is being sent only through electronic mode to members whose email addresses are registered with the company or depositories. Physical copies of the postal ballot notice are not being sent to members.

The company has appointed Mr. Shiv Hari Jalan, Company Secretary in Practice (Membership No.: FCS5703), as the Scrutinizer for conducting the postal ballot through the e-voting process.

Previous Financial Performance

The company had earlier reported its financial results for Q2 FY2026, showing consolidated revenue from operations of ₹8,397.60 crore compared to ₹9,304.62 crore in Q2 FY2025. The net profit for Q2 FY2026 was ₹442.63 crore versus ₹470.92 crore in the corresponding quarter of the previous year.

Corporate Governance Enhancement

The appointment of Mr. Desai as an independent director represents Black Rose Industries' commitment to strengthening its corporate governance framework. The board believes his extensive professional experience and expertise will contribute significantly to the company's strategic direction and governance practices.

Key Highlights

• Ankit Kumar Jain resigns as Company Secretary and Compliance Officer
• Resignation effective from April 30, 2023
• Company to initiate process for appointing a new Company Secretary

Details of the Announcement

Black Rose Industries Limited has announced the resignation of its Company Secretary and Compliance Officer, Ankit Kumar Jain. The resignation will take effect from April 30, 2023.

Impact on the Company

The resignation of a Company Secretary and Compliance Officer is a significant corporate action that can have implications for a company's regulatory compliance and corporate governance. Here are some potential impacts:

1. Temporary Compliance Gap: There may be a temporary gap in compliance-related activities until a new Company Secretary is appointed.

2. Regulatory Filings: The company will need to ensure that all necessary regulatory filings are completed on time during the transition period.

3. Corporate Governance: The Company Secretary plays a crucial role in maintaining good corporate governance practices. The company will need to ensure continuity in this area.

Next Steps for Black Rose Industries

The company has stated that it will initiate the process of appointing a new Company Secretary. This process typically involves:

1. Advertising the position
2. Reviewing applications
3. Conducting interviews
4. Selecting a suitable candidate
5. Obtaining board approval for the appointment
6. Making necessary regulatory disclosures about the new appointment

Investor Considerations

While the resignation of a Company Secretary is a routine corporate action, investors may consider monitoring the following:

1. Timely Appointment: The speed at which the company appoints a new Company Secretary
2. Regulatory Compliance: Any potential delays or issues in regulatory filings during the transition period
3. Reason for Resignation: Any disclosed reasons for the resignation, which could provide insights into the company's internal dynamics

Conclusion

The resignation of Ankit Kumar Jain as Company Secretary and Compliance Officer of Black Rose Industries Limited is a standard corporate action. While it may cause some short-term administrative adjustments, the company is expected to manage the transition. Investors may want to keep an eye on the appointment of a new Company Secretary and any potential impact on the company's regulatory compliance during this period.