Indo Farm Equipment Limited has successfully concluded its postal ballot process, with shareholders overwhelmingly approving the appointment of Mr. Amit Kumar as Director and Whole-Time Director of the company. The voting results, announced on December 23, 2025, demonstrate strong shareholder confidence in the proposed leadership appointment.

Official Postal Ballot Results

The remote e-voting process concluded on December 19, 2025, with both resolutions receiving requisite majority approval from shareholders. The company submitted the consolidated scrutinizer's report and voting results to BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Appointment Details

The approved appointment encompasses the following terms:

Voting Process and Compliance

The postal ballot was conducted in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The remote e-voting facility was provided by National Securities Depository Limited (NSDL), with the process commencing on November 20, 2025, and concluding on December 19, 2025.

Mr. Ajay K. Arora, Practicing Company Secretary (FCS No. 2191, CP No. 993), served as the Scrutinizer for the voting process, ensuring transparency and fairness in the electoral proceedings. The scrutinizer's report was submitted on December 20, 2025, confirming that both resolutions were passed with requisite majority.

Shareholder Participation Breakdown

The voting pattern across different shareholder categories demonstrated broad-based support:

About Amit Kumar

Mr. Amit Kumar brings substantial expertise to Indo Farm Equipment with over 14 years of experience in manufacturing, operations, and strategic procurement. He holds an MBA and bachelor's degree in engineering from Maharshi Dayanand University, Rohtak, with proven track record in plant operations, vendor development, and supply chain efficiency.

The overwhelming shareholder approval reflects confidence in Mr. Kumar's ability to drive growth in the company's tractor and construction equipment divisions. This strategic appointment positions Indo Farm Equipment to enhance its operational capabilities and pursue long-term value creation for stakeholders.

Indo Farm Equipment Limited has announced a significant change in its leadership. Mr. Charan Singh Saini, who held the position of Whole-Time Director, has tendered his resignation from the company, effective immediately from October 28, 2025.

Resignation Details

The company disclosed this development to both the BSE and NSE exchanges, adhering to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. According to the official announcement, Mr. Saini cited personal reasons for his departure in his resignation letter.

Key Information

Compliance and Disclosure

Indo Farm Equipment Limited has complied with the regulatory requirements by promptly informing the stock exchanges about this change in directorship. The company's Company Secretary and Compliance Officer, Navpreet Kaur, signed the official communication to the exchanges.

Impact and Next Steps

While the specific impact of Mr. Saini's departure on the company's operations remains to be seen, such changes in key management positions often lead to adjustments in company strategy and operations. Shareholders and market analysts will likely be watching closely for any further announcements regarding a potential replacement or restructuring of roles within the company's leadership team.

Indo Farm Equipment Limited has not provided any information about a successor for the position vacated by Mr. Saini. The company may address this in future communications to shareholders and the stock exchanges.

Stakeholders are advised to keep an eye on any further developments or statements from the company regarding its leadership structure and future plans.