Nalwa Sons Investments Limited announced the successful completion of its postal ballot process on January 10, 2026, with shareholders approving the reappointment of two independent directors for second terms. The company conducted the voting process entirely through electronic means, with no physical postal ballots received during the voting period.

Postal Ballot Overview

The postal ballot was conducted pursuant to Section 110 of the Companies Act, 2013, and the voting period extended from December 11, 2025, at 9:00 AM to January 9, 2026, at 5:00 PM. The company utilized the e-voting facility provided by MUFG Intime India Private Limited (formerly Link Intime India Private Limited) for the electronic voting process.

Resolution Results

Both special resolutions presented to shareholders were passed with requisite majority. The resolutions concerned the reappointment of independent directors for second consecutive terms of five years each.

Resolution 1: Mr. Kanwaljit Singh Thind Reappointment

The first resolution for the reappointment of Mr. Kanwaljit Singh Thind (DIN: 06969654) as an Independent Director received strong support from shareholders.

Resolution 2: Mrs. Shruti Shrivastava Reappointment

The second resolution for the reappointment of Mrs. Shruti Shrivastava (DIN: 08697973) as an independent director achieved similar voting results.

Scrutinizer Report

Rajesh Garg of M/s. Rajesh Garg & Co., Practicing Company Secretary, served as the appointed scrutinizer for the postal ballot process. The scrutinizer confirmed that 149 electronic ballots were received for both resolutions, with 3,873,656 total votes cast and only 3 invalid or abstained votes recorded.

Voting Process Details

The electronic voting process was conducted with complete transparency, with votes being unblocked on January 9, 2026, in the presence of two independent witnesses. The company completed the dispatch of postal ballot notices through email to all eligible shareholders by December 10, 2025. No physical postal ballot forms were received during the entire voting period, indicating complete reliance on the electronic voting system.

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.