News Stocks Abhinav Capital Services Initiates Postal Ballot for Independent Director Re-appointmentAbhinav Capital Services Initiates Postal Ballot for Independent Director Re-appointment
Abhinav Capital Services Limited has issued a postal ballot notice for the re-appointment of Mr. Nasir Shaikh as Independent Director for a second 5-year term from January 16, 2026 to January 15, 2031. The e-voting process runs from January 29 to February 27, 2026, with results expected on March 2, 2026. Mr. Shaikh, a 42-year-old Chartered Accountant with 9 years of experience, was first appointed in December 2020 and has attended 4 board meetings during his tenure.
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Abhinav Capital Services Limited has issued a postal ballot notice seeking shareholder approval for the re-appointment of an Independent Director through remote e-voting process. The company has initiated this corporate governance procedure to ensure compliance with regulatory requirements for director appointments.
Postal Ballot Details
The postal ballot notice dated January 27, 2026, proposes the re-appointment of Mr. Nasir Shaikh (DIN: 08985677) as Independent Director for a second term. The key parameters of the postal ballot process are outlined below:
| Parameter: | Details |
|---|---|
| Cut-off Date: | January 23, 2026 |
| E-voting Commencement: | January 29, 2026 at 09:00 AM (IST) |
| E-voting End: | February 27, 2026 at 05:00 PM (IST) |
| Results Declaration: | March 2, 2026 |
| Scrutinizer: | Mr. Abhishek Walwaikar, Advocate (Membership No. MAH/4147/2012) |
Director Re-appointment Proposal
The special resolution seeks approval for Mr. Nasir Shaikh's re-appointment as Non-Executive Independent Director for a second term of 5 consecutive years from January 16, 2026 to January 15, 2031. This re-appointment follows the completion of his first term as Independent Director.
Director Profile
Mr. Nasir Shaikh's professional background and qualifications are detailed below:
| Attribute: | Details |
|---|---|
| Age: | 42 years |
| Qualification: | Chartered Accountant |
| Experience: | 9 years in Direct Taxation, Audit, Accounting, Financial statements & Compliance |
| First Appointment: | December 14, 2020 |
| Board Meetings Attended: | 4 meetings |
| Shareholding: | Nil |
| Other Directorships: | Nil |
Voting Process and Compliance
The postal ballot will be conducted exclusively through remote e-voting, in line with MCA circulars and SEBI regulations. Members whose email addresses are registered with the company or depositories as on the cut-off date will receive the postal ballot notice electronically.
The voting process includes multiple access methods:
- Individual shareholders holding shares in demat mode can vote through their depository accounts (CDSL/NSDL)
- Physical shareholders and non-individual demat holders can access the CDSL e-voting system directly
- The e-voting facility is provided by Central Depository Services (India) Limited
Regulatory Framework
The re-appointment is proposed under various regulatory provisions including Sections 149, 150, and 152 of the Companies Act, 2013, along with Schedule IV requirements. The proposal also complies with SEBI Listing Regulations and the company's Articles of Association.
The Board of Directors, based on the Nomination and Remuneration Committee's recommendation and performance evaluation, has endorsed Mr. Shaikh's re-appointment. The director has submitted the requisite declaration confirming his continued independence and eligibility for the second term.
Shareholders can access the complete postal ballot notice on the company's website at www.abhinavcapital.com , BSE website, and CDSL's e-voting portal for detailed voting instructions and resolution specifics.
Historical Stock Returns for Abhinav Capital Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.72% | +2.51% | -3.85% | -15.94% | -14.58% | +236.25% |
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