Weizmann Limited has issued a postal ballot notice to shareholders seeking approval for the continuation of directorship of Shri. Dharmendra Gulabchand Siraj as Non-Executive Non-Independent Director after he attains the age of 75 years. The company announced this development through a regulatory filing dated February 23, 2026, in compliance with Regulation 30 of SEBI Listing Regulations.

Postal Ballot Details and Timeline

The remote e-voting process has been structured with specific timelines and procedures to ensure shareholder participation:

The company has engaged NSDL to provide remote e-voting facilities to shareholders. The postal ballot notice is being sent only through electronic mode to members whose email addresses are registered with the company, RTA, or depositories as per MCA circulars.

Regulatory Compliance and Requirements

The postal ballot seeks approval through a Special Resolution as mandated by Regulation 17(1A) of SEBI Listing Regulations. This regulation requires listed companies to obtain shareholder approval through special resolution for continuation of Non-Executive Directors who have attained 75 years of age.

The Nomination and Remuneration Committee recommended Shri. Siraj's continuation at its meeting held on February 12, 2026, followed by Board approval. The company has confirmed that he is not disqualified under Section 164 of the Companies Act, 2013, and has provided his consent for continuation.

Director Profile and Justification

Shri. Dharmendra Gulabchand Siraj brings extensive experience to the company's leadership:

He has been associated with renewable energy promotion and exports, serving on the Export Promotion Panel of Cotton Textile Export Promotion Council and the All India Exporters Chamber committee.

Voting Process and Shareholder Access

Shareholders can access the postal ballot notice on multiple platforms including the company's website, stock exchange websites (BSE and NSE), and NSDL's e-voting portal. The company has made arrangements with Bigshare Services Private Limited for shareholders to register their email addresses if not already registered.

Voting rights will be calculated based on the paid-up value of shares registered in shareholders' names as of the cut-off date. The resolution, if passed by requisite majority, will be deemed passed on March 26, 2026, the last date of e-voting.

Weizmann Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, demonstrating solid performance in its textile processing and manufacturing operations. The company's Board of Directors approved these results at their meeting held on February 12, 2026.

Financial Performance Highlights

The company delivered strong profitability growth during the third quarter of FY26. Net profit for the quarter reached Rs. 270.16 lakhs, marking a significant 14.02% increase from Rs. 236.92 lakhs recorded in the corresponding quarter of the previous year. This growth reflects the company's operational efficiency and market positioning in the textile sector.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Weizmann Limited showed robust growth across key financial parameters. The company achieved a net profit of Rs. 638.12 lakhs compared to Rs. 569.08 lakhs in the previous year, representing a healthy 12.13% growth. Revenue from operations demonstrated strong momentum with Rs. 9,432.59 lakhs against Rs. 8,099.85 lakhs in the corresponding period last year.

Operational Cost Structure

The company's expense management showed mixed results during the quarter. Total expenses for Q3FY26 stood at Rs. 2,499.45 lakhs compared to Rs. 2,548.69 lakhs in Q3FY25. Key expense categories included cost of materials consumed at Rs. 650.18 lakhs, power and fuel expenses of Rs. 466.00 lakhs, and job work charges amounting to Rs. 424.26 lakhs. Employee benefit expenses increased to Rs. 342.59 lakhs from Rs. 314.01 lakhs in the previous year quarter.

Board Governance Decision

The Board of Directors approved a significant governance proposal regarding the continuation of Shri Dharmendra G Siraj as Non-Executive Director beyond the age of 75 years. This proposal, based on the recommendation of the Nomination and Remuneration Committee, will be placed before shareholders for approval through postal ballot pursuant to SEBI regulations.

Shri Siraj brings extensive experience in financial services, renewable energy promotion, and export facilitation, having served on various industry committees including the Export Promotion Panel of the Cotton Textile Export Promotion Council.

Regulatory Compliance and Impact

The company addressed the impact of India's new labour codes that became effective from November 21, 2025. These codes consolidate 29 existing labour legislations into four unified frameworks. Weizmann Limited assessed the incremental impact of these changes at Rs. 6.09 lakhs in the financial results for the quarter and nine months ended December 31, 2025. The company will evaluate further impact once all Central and State Rules are notified by the government.