Transwarranty Finance Issues Official Postal Ballot Notice for Independent Director
Transwarranty Finance Limited has officially issued a postal ballot notice under SEBI Regulation 30 for shareholder approval of Mr. Ashok Parumal Nawany's appointment as Independent Director. The e-voting process runs from January 09-February 07, 2026, with NSDL providing voting facilities and CS Yogesh Sharma appointed as Scrutinizer for the five-year directorship term.
*this image is generated using AI for illustrative purposes only.
Transwarranty Finance Limited has officially issued a postal ballot notice under Regulation 30 of SEBI Listing Regulations to seek shareholder approval for the appointment of Mr. Ashok Parumal Nawany as an Independent Director. The company sent the formal notice on January 05, 2026, to all registered shareholders for e-voting on special business matters.
Postal Ballot Timeline and Process
The company has established a comprehensive timeline for the postal ballot process, engaging National Securities Depository Limited (NSDL) to provide e-voting facilities. CS Yogesh Sharma (ICSI Membership No. FCS 11305) from M/s. Yogesh Sharma & Co has been appointed as the Scrutinizer to ensure fair and transparent voting.
| Parameter: | Details |
|---|---|
| E-voting Start Date: | January 09, 2026 at 9:00 AM (IST) |
| E-voting End Date: | February 07, 2026 at 5:00 PM (IST) |
| Cut-off Date: | January 02, 2026 |
| Results Declaration: | On or before February 09, 2026 |
| Notice Issue Date: | January 05, 2026 |
| Scrutinizer: | CS Yogesh Sharma (FCS 11305) |
Director Appointment Proposal
The postal ballot seeks approval through special resolution for Mr. Ashok Parumal Nawany's appointment as a Non-executive Independent Director for a five-year term. The Board of Directors had previously approved his appointment on November 05, 2025, based on the Nomination, Remuneration and Compensation Committee's recommendation.
| Appointment Details: | Information |
|---|---|
| Name: | Mr. Ashok Parumal Nawany |
| DIN: | 00505885 |
| Position: | Independent Director |
| Term Duration: | 5 years (November 8, 2025 to November 7, 2030) |
| Age: | 65 years |
| Qualification: | M.A. in Leadership Sciences, Mumbai University |
| Board Approval Date: | November 05, 2025 |
Professional Background and Expertise
Mr. Nawany brings nearly four decades of leadership experience to the company, having been instrumental in the growth of Nawany Group. He has built a strong position in the industrial and commercial real estate sector with emphasis on quality construction and timely project execution. His key strengths include entrepreneurial leadership, strategic planning, relationship building, mentoring teams, and driving organizational clarity and discipline.
Regulatory Compliance and Eligibility
The company has confirmed that Mr. Nawany meets all regulatory requirements, including independence criteria under Section 149(6) of the Companies Act, 2013, and Regulation 16(1)(b) of SEBI Listing Regulations. He is not debarred from holding directorship by SEBI or any other authority and meets the fit and proper criteria prescribed by the Reserve Bank of India.
Voting Process and Shareholder Eligibility
Shareholders whose names appear in the Register of Members or Beneficial Owners as on the cut-off date of January 02, 2026, will be eligible to vote. The notice has been sent via email to all registered shareholders in compliance with MCA Circulars. The resolution requires approval through special resolution, and once the voting period concludes, the Scrutinizer will submit the report to the Chairman for results declaration within the prescribed timeline.
Historical Stock Returns for Transwarranty Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.35% | +2.78% | +2.61% | -8.68% | -10.61% | 0.0% |
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