News Stocks Foundry Fuel Products Limited Initiates Postal Ballot for Independent Woman Director AppointmentFoundry Fuel Products Limited Initiates Postal Ballot for Independent Woman Director Appointment
Foundry Fuel Products Limited has issued a postal ballot notice for shareholder approval of Mrs. Sneha Sharma's appointment as Non-Executive Independent Woman Director for a five-year term from February 12, 2026 to February 11, 2031. The e-voting process runs from March 10, 2026 to April 08, 2026, with Central Depository Services facilitating remote voting and Mr. Debendra Raut serving as scrutinizer.
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Foundry Fuel Products Limited has initiated a postal ballot process to seek shareholder approval for the appointment of Mrs. Sneha Sharma as Non-Executive Independent Woman Director. The company issued the postal ballot notice on February 12, 2026, in compliance with regulatory requirements under the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Director Appointment Details
The proposed appointment involves Mrs. Sneha Sharma (DIN: 10680027) as Non-Executive Independent Woman Director for a term of five consecutive years. The Board of Directors initially appointed her as an Additional Director on February 12, 2026, subject to shareholder approval through this postal ballot.
| Parameter: | Details |
|---|---|
| Director Name: | Mrs. Sneha Sharma |
| DIN: | 10680027 |
| Position: | Non-Executive Independent Woman Director |
| Term Duration: | 5 consecutive years |
| Term Period: | February 12, 2026 to February 11, 2031 |
| Age: | 33 years |
| Date of Birth: | September 10, 1992 |
| Qualification: | Master's degree in Commerce |
| Experience: | Over 10 years in Company Law Advisory Services |
E-Voting Schedule and Process
The company has established a comprehensive timeline for the postal ballot process, with Central Depository Services (India) Limited providing remote e-voting facilities. The cut-off date for determining eligible shareholders has been set as February 27, 2026.
| Event: | Date/Timeline |
|---|---|
| Cut-off Date: | February 27, 2026 |
| E-Voting Start: | March 10, 2026 at 10:00 A.M. |
| E-Voting End: | April 08, 2026 at 5:00 P.M. |
| Results Declaration: | Within 48 hours from e-voting conclusion |
| Final Results: | On or before April 10, 2026 |
Regulatory Compliance and Governance
The appointment aligns with regulatory requirements under Regulation 17(1C) of SEBI Listing Regulations, which mandates shareholder approval within three months of appointment. Mrs. Sharma has provided necessary declarations confirming her eligibility and independence criteria under Section 149(6) of the Companies Act, 2013.
The company has appointed Mr. Debendra Raut (Associate Membership No.: 16626, CP No.: 5232), Practicing Company Secretary from D. Raut & Associates, as scrutinizer to conduct the postal ballot process. Mr. Om Prakash Ojha, Company Secretary, has been designated as the person responsible for the entire voting process.
Shareholder Participation
Shareholders whose names appear in the Register of Members as on the cut-off date are eligible to participate in the e-voting process. The company has sent the postal ballot notice electronically to registered email addresses in compliance with MCA circulars. Voting rights will be proportionate to shareholding in the paid-up equity share capital as on February 27, 2026.
The postal ballot notice and related documents are available on the company's website at www.foundryfuel.co.in , BSE website, and CDSL's e-voting platform. Results will be communicated to stock exchanges and published on the company's website following the scrutinizer's report completion.
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