Transwarranty Finance Issues Official Postal Ballot Notice for Independent Director

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.32%	-0.19%	+15.86%	-19.10%	-24.54%	+504.23%

Transwarranty Finance Limited has announced plans to raise up to Rs 12.95 crore through the issuance of unlisted Non-Convertible Debentures (NCDs) on a private placement basis. The company's Board of Directors has given the green light for this strategic financial move, which includes a diverse range of debenture offerings.

NCD Offering Details

The NCD issuance comprises three distinct categories:

Secured NCDs: 295 debentures at Rs 1 lakh each
Unsecured NCDs: 500 debentures at Rs 1 lakh each
Special Category Type B NCDs: 50 debentures at Rs 10 lakh each

Terms and Conditions

NCD Type	Coupon Rate	Interest Payment	Tenure	Security
Secured	11.25% p.a.	Quarterly	3 years	Pari-passu charge on certain current assets
Unsecured	11.50% p.a.	Monthly	5 years	Unsecured
Special Category (Type B)	12.00% p.a.	Varying frequencies	Not specified	Not specified

The secured NCDs will be backed by a pari-passu charge on certain current assets of the company, providing an additional layer of security for investors. It's worth noting that these NCDs will not be listed on any stock exchanges, making them a private investment opportunity.

Implications for Investors

This move by Transwarranty Finance Limited presents a potentially attractive investment option for private investors looking for fixed-income securities. The varying tenures, interest rates, and payment frequencies across the different NCD types offer flexibility to suit different investor preferences.

The higher interest rates on the unsecured and special category NCDs reflect the increased risk associated with these instruments, as they lack the asset-backed security of the secured NCDs.

Company Strategy

By opting for unlisted NCDs, Transwarranty Finance Limited is likely aiming to raise capital without the regulatory complexities and costs associated with public listings. This private placement approach allows the company to tap into funds from a select group of investors, potentially streamlining the fundraising process.

The diverse NCD offering suggests a strategic approach to cater to different investor segments and optimize the company's debt structure. The funds raised could be utilized for various purposes such as expanding operations, refinancing existing debt, or strengthening the company's financial position.

As this is a private placement, potential investors would need to conduct thorough due diligence and consider their risk appetite before participating in this NCD issuance.