News Stocks Insilco Limited Announces Postal Ballot for Director Appointments with E-Voting Period from February 27-March 28, 2026Insilco Limited Announces Postal Ballot for Director Appointments with E-Voting Period from February 27-March 28, 2026
Insilco Limited has issued a postal ballot notice for shareholder approval of two director appointments through e-voting from February 27-March 28, 2026. The company seeks to appoint Ms. Shivangi Negi as Managing Director for five years without remuneration and Ms. Deepa Jha as Non-Executive Director. Both candidates bring significant financial and management expertise, with results to be declared by March 31, 2026.
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Insilco Limited, currently under voluntary liquidation since June 25, 2021, has announced a postal ballot seeking shareholder approval for two director appointments through electronic voting. The company issued the notice on February 24, 2026, proposing significant changes to its board composition.
Proposed Director Appointments
The postal ballot covers two key appointments that require shareholder approval:
| Position | Candidate | DIN | Tenure |
|---|---|---|---|
| Managing Director | Ms. Shivangi Negi | 10823339 | 5 years (Feb 14, 2026 - Feb 13, 2031) |
| Non-Executive Director | Ms. Deepa Jha | 11515789 | Effective Feb 13, 2026 |
Ms. Shivangi Negi will serve as Managing Director in the Executive Director category without any remuneration. She currently holds the position of Deputy CFO at Evonik India Private Limited, the holding company of Insilco Limited, and has opted not to receive separate compensation for her services to Insilco Limited.
E-Voting Schedule and Process
The company has established a comprehensive electronic voting framework for shareholder participation:
| Parameter | Details |
|---|---|
| Voting Commencement | February 27, 2026 at 09:00 A.M. (IST) |
| Voting Conclusion | March 28, 2026 at 05:00 P.M. (IST) |
| Cut-off Date | February 20, 2026 |
| Results Declaration | On or before March 31, 2026 |
| Scrutinizer | Mr. Nityanand Singh (FCS No. 2668, CP No. 2388) |
The Board of Directors appointed Mr. Nityanand Singh, Proprietor of M/s. Nityanand Singh & Co., as the scrutinizer on February 13, 2026, to ensure fair and transparent conduct of the postal ballot process.
Candidate Profiles and Qualifications
Ms. Shivangi Negi brings extensive financial expertise to the Managing Director role. She holds a Bachelor's Degree in Commerce and is a Chartered Accountant with 18 years of professional experience in controlling, finance, budgeting, forecasting, and internal audits. Her career began in 2006 with Rahul Kapoor and Associates, followed by positions at Siel Edible Oils and Insilco Limited from 2008. She joined Evonik India in 2021 as legal entity controller and was promoted to Deputy CFO in October 2023.
Ms. Deepa Jha is a Chartered Accountant and qualified Company Secretary with 16 years of experience across chemical, media, and shared services sectors. She joined Evonik India as Head of Local Financial Services-India in November 2025, managing financial reporting under IFRS and Ind AS. Her previous experience includes roles at The Walt Disney Company (2021-2025), Huntsman India International, WNS Global Services, and GENPACT.
Compliance and Regulatory Framework
The postal ballot complies with multiple regulatory requirements including Sections 108 and 110 of the Companies Act 2013, SEBI Listing Regulations, and various MCA circulars. The notice has been distributed electronically to shareholders whose email addresses are registered with the company or depositories as of the cut-off date.
Shareholders can access the postal ballot notice on the company's website ( www.insilcoindia.com ), BSE Limited's website ( www.bseindia.com ), and NSDL's e-voting platform ( www.evoting.nsdl.com ). The consolidated voting results will be posted on these platforms following the scrutinizer's report and chairperson's announcement.
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