SGL Resources Seeks Shareholder Approval for Director Re-appointment and Business Expansion

SGL Resources Limited has initiated a postal ballot to seek shareholder approval for several key corporate actions, including the re-appointment of a director and significant changes to its business focus.

Director Re-appointment

The company is seeking approval for the re-appointment of Mr. Kantilal Vrajlal Ladani as Whole Time Director for a period of five years, from November 14, 2025, to November 13, 2030. Mr. Ladani, who has been associated with the company for 20 years, brings over two decades of experience in Accounts and Finance. The proposed annual remuneration for Mr. Ladani is set at Rs. 7.20 lakhs.

Business Expansion

SGL Resources is also proposing to alter its Memorandum of Association to expand its business scope. The company plans to venture into new areas including:

Digital media
Payment services
Remittances
Mobile recharge services
Other technology-driven activities

This move signals the company's intent to diversify its operations and adapt to the evolving digital landscape.

Corporate Governance Updates

Additionally, the company is seeking approval to:

Adopt a new Memorandum of Association (MOA) in line with the Companies Act, 2013
Adopt a new set of Articles of Association (AOA) to align with current regulatory requirements

Voting Details

Shareholders can cast their votes through e-voting, which will be conducted by the National Securities Depository Limited (NSDL). The e-voting period is scheduled as follows:

Voting Start Date	Voting End Date
November 22, 2025	December 21, 2025
9:00 AM (IST)	5:00 PM (IST)

The results of the postal ballot are expected to be announced by December 23, 2025.

These proposed changes reflect SGL Resources' efforts to strengthen its governance structure and expand its business horizons. Shareholders are encouraged to review the detailed postal ballot notice and cast their votes accordingly.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.16%	-13.04%	-17.27%	-6.85%	-54.42%	-54.42%

SGL Resources has announced the reappointment of Mr. Kantilal Ladani as Whole-Time Director for a five-year term, subject to shareholder approval. The decision, made during a board meeting on November 12, 2025, extends Ladani's tenure from November 14, 2025, to November 13, 2030.

Key Details of the Reappointment

Aspect	Details
Director Name	Mr. Kantilal V. Ladani
DIN	00016171
Position	Whole-Time Director
New Term	November 14, 2025 to November 13, 2030
Annual Remuneration	₹7.20 lakhs
Shareholding	None
Other Directorships	5
Committee Memberships	1

Background and Qualifications

Mr. Ladani, born on July 18, 1967, is an Indian national with a postgraduate degree. He first joined the board of SGL Resources on October 19, 2022. His expertise lies in management, making him a valuable asset to the company's leadership team.

Approval Process and Compliance

The reappointment was recommended by the Nomination and Remuneration Committee and approved by the Board of Directors. It is now subject to approval by company members at the upcoming General Meeting or through Postal Ballot.

Corporate Governance

SGL Resources has confirmed that Mr. Ladani is not debarred from holding the office of director by any SEBI order or other authority. The company also stated that there is no material inter-se relationship between Mr. Ladani and other board members or Key Managerial Personnel.

This reappointment reflects SGL Resources' confidence in Mr. Ladani's leadership and his continued role in the company's future strategies and operations.