Shakti Pumps Initiates Postal Ballot for Independent Director Appointment
Shakti Pumps (India) Limited has issued a postal ballot notice seeking shareholder approval for appointing Mrs. Bela Bharatendu Jani (DIN: 11539694) as Non-Executive Woman Independent Director. The e-voting process runs from February 18 to March 19, 2026, with results announced by March 21, 2026. Mrs. Jani brings 37 years of renewable energy experience from Gujarat State Electricity Corporation Limited and will serve a 2-year term starting February 13, 2026, subject to shareholder approval through special resolution.
*this image is generated using AI for illustrative purposes only.
Shakti Pumps (India) Limited has issued a postal ballot notice to shareholders seeking approval for a key board appointment through remote e-voting. The company is proposing the appointment of Mrs. Bela Bharatendu Jani as Non-Executive Woman Independent Director for a term of 2 years.
Postal Ballot Details
The company has announced that the postal ballot will be conducted exclusively through remote e-voting, with no physical ballot forms being distributed to shareholders. The voting process has been structured with specific timelines and procedures.
| Parameter: | Details |
|---|---|
| E-voting Start: | February 18, 2026 at 09:00 A.M. (IST) |
| E-voting End: | March 19, 2026 at 05:00 P.M. (IST) |
| Cut-off Date: | February 13, 2026 |
| Results Announcement: | On or before March 21, 2026 |
| Scrutinizer: | CS Manish Maheshwari (Membership No.: 5174) |
Director Appointment Proposal
The special resolution seeks approval for appointing Mrs. Bela Bharatendu Jani (DIN: 11539694) as Additional cum Non-Executive Woman Independent Director. The Board of Directors had already appointed her with effect from February 13, 2026, subject to shareholder approval.
| Appointment Details: | Information |
|---|---|
| Name: | Mrs. Bela Bharatendu Jani |
| DIN: | 11539694 |
| Position: | Non-Executive Woman Independent Director |
| Term: | 2 years from February 13, 2026 |
| Age: | 64 years |
| Date of Birth: | September 1, 1961 |
Professional Background
Mrs. Jani brings extensive experience in the renewable energy sector to the board. She is a retired Executive Engineer from Gujarat State Electricity Corporation Limited with 37 years of experience in renewable energy, particularly in the solar sector. Her expertise covers:
- Project planning and implementation from conceptualization to commissioning
- Procurement systems and inventory control
- Management Information Systems including GEM Portal and SAP/ERP
- Tendering and vendor selection processes
- Coordination with Central Government agencies
She holds a Bachelor's degree in Electronics Engineering and currently works as a Renewable Energy Consultant. The Nomination and Remuneration Committee has identified her diverse skills in renewable energy, strategic planning, business development, and relationship management as valuable additions to the board.
Voting Process and Compliance
The postal ballot notice has been issued in compliance with Section 110 of the Companies Act, 2013, and SEBI Listing Regulations. Only shareholders whose names appear in the register of members as on the cut-off date of February 13, 2026, are entitled to vote. The company is using Central Depository Services (India) Limited (CDSL) as the e-voting service provider.
Shareholders can access the e-voting facility through multiple channels including their demat accounts with CDSL/NSDL, depository participant websites, or directly through the CDSL e-voting portal. The company has made arrangements for shareholders to register their email addresses if not already updated with the company or depositories.
Corporate Governance Enhancement
The appointment aligns with the company's commitment to strengthening its board composition with independent directors who bring specialized expertise. Mrs. Jani has provided all required declarations confirming her independence and eligibility for the position. She currently holds no shareholding in the company and has no other directorships.
The Board recommends the special resolution for shareholder approval, emphasizing that Mrs. Jani's expertise in renewable energy and strategic planning will benefit the company's operations and growth initiatives.
Historical Stock Returns for Shakti Pumps
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.76% | -11.78% | -19.25% | -33.57% | -30.66% | +555.25% |
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