Rajoo Engineers Limited , a prominent player in the Indian manufacturing sector, has successfully concluded its recent postal ballot process, marking a significant change in its board composition. The company's shareholders have shown overwhelming support for the appointment of Mr. Hasmukhlal Ambavibhai Manavadaria as a Non-Executive Independent Director.

Landslide Victory in Shareholder Voting

The special resolution for Mr. Manavadaria's appointment, which concluded on September 8, saw an impressive turnout with 107,997,290 votes cast, representing 60.44% of the company's outstanding shares. The results were decidedly in favor of the appointment:

This near-unanimous support underscores the shareholders' confidence in the board's decision and Mr. Manavadaria's potential contributions to the company.

New Director's Tenure and Background

Mr. Hasmukhlal Ambavibhai Manavadaria, initially appointed as an Additional Director by the Rajoo Engineers Board on June 17, will now serve a five-year term as an Independent Director. This appointment is in line with the company's commitment to maintaining a strong and diverse board of directors.

Compliance and Transparency

The postal ballot process was conducted with strict adherence to regulatory requirements. CS Nirav D. Vekariya served as the scrutinizer, ensuring the integrity and transparency of the voting process. The company had 56,742 shareholders on the record date of August 7, highlighting the broad base of investor participation in this crucial decision.

Implications for Rajoo Engineers

This appointment comes at a time when corporate governance and board independence are increasingly under the spotlight. The strong shareholder support for Mr. Manavadaria's appointment may be seen as a positive signal for Rajoo Engineers' commitment to these principles.

As Rajoo Engineers continues to navigate the competitive landscape of the manufacturing sector, the addition of Mr. Manavadaria to its board is expected to bring fresh perspectives and expertise to the company's strategic decision-making process.

The company has promptly disclosed the voting results and the scrutinizer's report, in compliance with regulatory requirements, demonstrating its commitment to transparency and shareholder communication.

Rajoo Engineers has initiated a postal ballot process to seek shareholder approval for the appointment of Mr. Hasmukhlal Ambavibhai Manavadaria as a Non-Executive Independent Director. The company, known for its expertise in the plastic processing machinery sector, is looking to strengthen its board with this strategic addition.

Key Details of the Postal Ballot

• Voting Period: The e-voting process will commence on August 10, 2025, at 9:00 AM and conclude on September 8, 2025, at 5:00 PM.
• Eligibility: Shareholders on record as of the cut-off date, August 7, 2025, are eligible to participate in the voting process.
• Voting Method: In compliance with regulatory requirements, voting will be conducted exclusively through electronic means using the NSDL e-voting platform.

About the Proposed Director

Mr. Hasmukhlal Ambavibhai Manavadaria, aged 64, brings a wealth of experience to the table:

• Nearly three decades of expertise in agricultural machinery manufacturing
• Founder-Partner of Ganga Agro Foods Industries, established in 2000
• Specialized in developing and manufacturing agricultural machinery and equipment

Board Recommendation and Appointment Terms

The Board of Directors has recommended the approval of this special resolution. If appointed, Mr. Manavadaria will serve a term of five consecutive years starting from June 17, 2025, subject to shareholder approval.

Scrutinizer Appointment

CS Nirav D Vekariya, a Practicing Company Secretary, has been appointed as the scrutinizer to ensure a fair and transparent postal ballot process.

Corporate Governance Compliance

This move aligns with Rajoo Engineers' commitment to strong corporate governance practices. The appointment, if approved, will be in accordance with Sections 149, 150, and 152 of the Companies Act, 2013, and relevant SEBI regulations.

Shareholders are encouraged to participate in this important decision-making process by casting their votes electronically within the specified timeframe. The outcome of the postal ballot is expected to be announced within 48 hours of the conclusion of the voting period.

Rajoo Engineers continues to demonstrate its commitment to enhancing board diversity and expertise, potentially strengthening its position in the plastic processing machinery industry with this proposed addition to its leadership team.