NewsBeezaasan Explotech Limited Issues Postal Ballot Notice for Whole-time Director AppointmentBeezaasan Explotech Limited Issues Postal Ballot Notice for Whole-time Director Appointment
Beezaasan Explotech Limited has issued a postal ballot notice for shareholder approval of Mr. Sanjay Shrivastava's appointment as Whole-time Director. The remote e-voting runs from January 15 to February 13, 2026, with the appointee bringing 20 years of explosive industry experience. The proposed three-year appointment includes annual remuneration not exceeding ₹14,89,400, supported by the company's strong financial performance showing 14.7% revenue growth and 141.6% profit increase in FY 2024-25.
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Beezaasan Explotech Limited has issued a postal ballot notice seeking shareholder approval for a key board appointment through remote e-voting. The company, which operates in the explosives, ammunition, and fireworks manufacturing sector, is proposing to appoint Mr. Sanjay Shrivastava as Whole-time Director for a three-year term.
Postal Ballot Details
The postal ballot notice, dated January 13, 2026, outlines the voting process for shareholders to approve the special resolution. The remote e-voting period is scheduled as follows:
| Parameter: | Details |
|---|---|
| Voting Commencement: | January 15, 2026, 9:00 a.m. IST |
| Voting Conclusion: | February 13, 2026, 5:00 p.m. IST |
| Cut-off Date: | January 9, 2026 |
| Resolution Type: | Special Resolution |
| Results Declaration: | Within 2 working days |
Shareholders whose names appear in the Register of Members or List of Beneficial Owners as on the cut-off date of January 9, 2026, and whose email addresses are registered with the company, will be eligible to participate in the e-voting process.
Appointee Profile and Experience
Mr. Sanjay Shrivastava, aged 61 years, brings substantial industry experience to the role. He was initially appointed as Additional Director on November 25, 2025, and subsequently approved as Director at the Extraordinary General Meeting held on December 18, 2025.
| Qualification: | Details |
|---|---|
| Education: | Intermediate Education |
| Professional Training: | Competent Management Assistant Programme from Entrepreneurship Development Institute of India, Ahmedabad |
| Industry Experience: | 20 years in explosive industry operations |
| Previous Role: | Senior Managerial Personnel with the company |
| Expertise Areas: | Production Planning, Process Optimization, Quality Control, Equipment Maintenance, Safety Compliance |
Remuneration Structure
The proposed remuneration package for Mr. Shrivastava reflects his experience and responsibilities within the organization:
| Component: | Details |
|---|---|
| Annual Salary Limit: | ₹14,89,400 |
| Previous Remuneration: | ₹11,44,160 per annum (FY 2024-25) |
| Tenure: | 3 years (November 25, 2025 to November 24, 2028) |
| Annual Increment: | Up to 30% based on performance |
The remuneration package includes additional perquisites such as provident fund contributions, gratuity, leave encashment, and pension scheme contributions as per company rules.
Company Financial Performance
Beezaasan Explotech Limited has demonstrated strong financial growth, supporting the need for experienced leadership in operations:
| Financial Metric: | FY 2024-25 (₹ Thousand) | FY 2023-24 (₹ Thousand) | Growth |
|---|---|---|---|
| Revenue from Operations: | 21,49,950.87 | 18,74,486.35 | +14.7% |
| Other Income: | 13,977.87 | 439.57 | +3,078% |
| Net Profit After Tax: | 1,23,011.18 | 50,914.35 | +141.6% |
The company's robust financial performance, with revenue growth of 14.7% and net profit increase of 141.6%, demonstrates its strong market position in the explosives manufacturing sector.
E-voting Process and Compliance
The postal ballot process follows regulatory requirements under the Companies Act, 2013, and SEBI regulations. Mr. Umesh Parikh of Parikh Dave & Associates, Practicing Company Secretaries, has been appointed as the Scrutinizer to ensure fair and transparent voting.
Shareholders can access the voting platform through multiple channels including CDSL and NSDL depository systems. The company has provided detailed instructions for both individual and non-individual shareholders to participate in the remote e-voting process. Results will be declared within two working days and communicated to BSE Limited and published on the company's website.
Historical Stock Returns for Beezaasan Explotech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.26% | -3.90% | +25.99% | +267.43% | +182.17% | +379.48% |
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