Nalwa Sons Investments Limited has issued a detailed postal ballot notice seeking shareholder approval for the re-appointment of two independent directors for their second consecutive terms. The company dispatched the postal ballot notice on December 10, 2025, to stock exchanges and members, outlining comprehensive voting procedures and director qualifications.

Director Re-appointment Details

The postal ballot seeks approval for two key appointments through special resolutions:

Both directors are being re-appointed as Non-Executive Independent Directors for a second term of five consecutive years. The appointments comply with provisions of the Companies Act, 2013, SEBI Listing Regulations, and Reserve Bank of India directions for non-banking financial companies.

Voting Process and Timeline

The company has established a comprehensive e-voting framework managed by MUFG Intime India Private Limited:

The postal ballot notice has been sent electronically to members whose email addresses are registered with the company or depositories as of the cut-off date. Members can vote through multiple methods including remote e-voting or by submitting physical postal ballot forms to the scrutinizer.

Director Profiles and Qualifications

Mr. Kanwaljit Singh Thind brings over 37 years of progressive leadership experience in strategic and operational management. A retired Major General from the Indian Army, he was awarded the Vishisht Seva Medal (VSM) for outstanding contribution. He holds a postgraduate degree in Defence Studies from University of Madras and M.Phil in International Relations & Security. He currently serves as director on multiple Jindal group companies including Jindal Stainless Limited and Jindal Coke Limited.

Mrs. Shruti Shrivastava is a practicing corporate lawyer with approximately 13 years of experience in general corporate advisory. She holds a B.A. LL.B. (Hons.) degree from National Law School of India University, Bengaluru with a gold medal. Her expertise spans senior management employment, mergers & acquisitions, private equity transactions, and debt financing. She currently leads Sagus Legal, a legal advisory firm.

Regulatory Compliance and Special Provisions

The postal ballot process adheres to multiple regulatory frameworks including MCA circulars issued from 2020 to 2025 regarding electronic communication and e-voting procedures. For Mr. Kanwaljit Singh Thind, the resolution includes approval for continuation of directorship even after he attains the age of 75 years on May 14, 2030, as required under Regulation 17(1A) of SEBI Listing Regulations.

The company has provided comprehensive voting instructions for different categories of shareholders, including those holding shares in demat form with NSDL/CDSL and physical form holders. Multiple login methods and helpdesk support have been established to facilitate seamless voting participation.

Conclusion

The re-appointment reflects the board's confidence in both directors' continued valuable contribution during their first terms. The Nomination and Remuneration Committee recommended the re-appointments based on their skills, expertise, performance evaluation outcomes, and continued independence from company management. Results will be announced at the registered office and posted on the company website by January 13, 2026.

Nalwa Sons Investments , a prominent player in the Indian financial sector, has reported a significant change in its financial performance for the quarter ended September 30.

Financial Performance Highlights

Nalwa Sons Investments reported a standalone profit of ₹1,285.10 crore for the quarter, compared to ₹2,324.36 crore in the same quarter last year, representing a decrease of 44.71%. The company's total revenue from operations reached ₹2,093.09 crore.

Key Developments

• The company recorded a net loss of ₹301.10 crore on fair value changes during the quarter.
• This loss was primarily due to revising the redemption terms of its Non-Convertible Preference Shares (NCPRS) from the originally scheduled to 20 years from their respective allotment dates.
• On a consolidated basis, the company reported a profit of ₹1,522.85 crore for the quarter.
• The company's board meeting was held on November 13, where these unaudited financial results were approved.
• Earnings per share stood at ₹25.04 on a standalone basis.

Implications

The decrease in standalone profit compared to the previous year suggests that Nalwa Sons Investments may be facing some challenges in its core business operations. The significant loss on fair value changes, particularly related to the NCPRS redemption terms revision, has impacted the company's overall financial performance.

Investors and stakeholders may want to keep a close eye on the company's future announcements and any strategic initiatives it may undertake to address these challenges and improve its financial performance in the coming quarters.