SIL Investments Limited has officially confirmed the appointment of Mr. Suresh Kumar Khandelia as Independent Director following the successful conclusion of its postal ballot process. The company announced the results on December 29, 2025, with shareholders approving all three key resolutions through remote e-voting.

Independent Director Appointment Confirmed

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has formally intimated the appointment of Mr. Suresh Kumar Khandelia (DIN: 00373797) as Independent Director. The appointment received overwhelming shareholder support with 99.92% votes in favour and will be effective for a five-year term from January 1, 2026, to December 31, 2030.

Postal Ballot Process and Timeline

The postal ballot notice was dispatched on November 27, 2025, with the cut-off date set as November 21, 2025. The e-voting period commenced on November 28, 2025, at 9:00 AM IST and concluded on December 27, 2025, at 5:00 PM IST. All resolutions were deemed passed on December 27, 2025, being the last date of remote e-voting.

Complete Resolution Results

All three resolutions received strong shareholder support with detailed voting breakdown:

Related Party Loan Transactions Approved

Shareholders also approved granting unsecured loans totaling ₹250.00 crore to six related party entities:

Shareholder Participation Analysis

The scrutinizer's report revealed comprehensive voting patterns across different shareholder categories:

The voting results demonstrate strong shareholder confidence in the company's strategic decisions and governance framework. The resolutions were conducted in compliance with Section 108 and Section 110 of the Companies Act, 2013, and SEBI Listing Regulations. Company Secretary and Compliance Officer Lokesh Gandhi signed the formal intimation confirming regulatory compliance.

SIL Investments Limited has significantly increased its stake in Morton Foods Limited through a recent rights issue subscription, as disclosed in a regulatory filing on November 18, 2025.

Key Details of the Transaction

Transaction Insights

SIL Investments Limited, in a communication to the stock exchanges, revealed that it had received an intimation from Morton Foods Limited (MFL) regarding the allotment of additional shares. This allotment was part of a rights issue, including extra shares offered by MFL.

The company stated that the acquisition was made in cash as part of its ordinary course of business. The newly acquired shares are expected to be credited to SIL Investments' demat account.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed entities to inform stock exchanges about material events that may have a bearing on the company's performance or operations.

Implications

This strategic move by SIL Investments to increase its stake in Morton Foods could signal confidence in the latter's growth prospects. However, the specific reasons for this investment decision or any potential plans for further involvement in Morton Foods' operations were not disclosed in the filing.

Investors and market watchers may want to keep an eye on both companies to see how this increased stake might influence their respective business strategies and market performances in the coming months.