Kothari Industrial postal ballot notice: 3 votes in 2026

What the company disclosed

Kothari Industrial Corporation Limited has moved ahead with a shareholder voting process through postal ballot, using remote e-voting to seek approvals on governance and shareholding-related matters. The company’s disclosures cover two connected steps: issuance of the postal ballot notice and publication of newspaper advertisements confirming dispatch of the notice. The newspaper publication was stated to be in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically Regulation 47.

The regulatory filing also formalised communication to BSE Limited for record purposes. The company’s update identifies Anil Kumar Padhiali as the Company Secretary and Compliance Officer, and notes that the communication was digitally signed on March 26, 2026 at 15:00:34 +05'30'.

Newspaper advertisement and SEBI Regulation 47 compliance

The company published newspaper advertisements confirming dispatch of the postal ballot notice in two newspapers. These were Financial Express (all India editions) and Makkal Kural (Chennai edition), both dated March 26, 2026. Such advertisements are a standard part of disclosure practices for listed companies when shareholder voting is conducted through postal ballot and electronic means.

The publication is also relevant from a transparency standpoint because it signals that the notice was sent and that shareholders should check the voting instructions and timelines. The company stated the publication was made in line with SEBI LODR Regulation 47.

What shareholders are being asked to approve

The postal ballot notice dated March 25, 2026 seeks shareholder approval for three proposals that directly affect board composition and shareholding classification. The first two are director appointments. The third is a promoter reclassification proposal to shift certain entities from “Promoter/Promoter Group” to “Public Category” under SEBI LODR Regulations.

The company stated that the two director appointments were previously approved by its board of directors in a meeting held on March 19, 2026, and are now placed before shareholders for approval through remote e-voting. The promoter reclassification proposal is also routed through shareholder approval, a key requirement under the framework for reclassification.

Director appointment 1: Priya Rao as Women Independent Director

Kothari Industrial has proposed the appointment of Mrs. Priya Rao (DIN: 00717336) as a Women Independent Director for a five-year term from February 16, 2026 to February 15, 2031. The notice describes her as having over 21 years of experience across process governance, property management, and clinical management, with exposure to manufacturing, real estate, education, and healthcare.

Her current role is described as Vice President of Portfolio Operations at NSEW Properties. The notice also states she holds a Post Graduate Diploma in Business Administration from NMIMS, Mumbai. The appointment is positioned as a board-strengthening step that requires shareholder confirmation through the postal ballot.

Director appointment 2: Rafiq Ahmed Sulaiha Banu as Non-Executive Director

The second appointment relates to Ms. Rafiq Ahmed Sulaiha Banu (DIN: 11609138). The company proposes appointing her as a Non-Executive Non Independent Director effective March 20, 2026, with retirement by rotation. The notice states she is pursuing a Bachelor of Commerce in Corporate Secretaryship from M.O.P. Vaishnav College for Women, Chennai.

The disclosure also notes she completed an internship with the company’s Company Secretary Department in May 2025. Separately, the broader text notes she is the daughter of promoter and Managing Director Mr. Rafiq Ahmed, and that her additional directorship is subject to shareholder approval via postal ballot.

Promoter reclassification: names and shareholding cited

The postal ballot includes a proposal to reclassify certain persons from “Promoter/Promoter Group” to “Public Category” under SEBI LODR. The entities named are Asha Thayer and Govinddas Mohan Das. The disclosure specifies Asha Thayer holds 103,890 shares (0.10% shareholding), and Govinddas Mohan Das holds 450 shares (noted as 0% shareholding).

The company stated it has received a “no objection” from BSE Limited for this reclassification, with board approval obtained on November 29, 2025. The documentation also references earlier steps related to the application under Regulation 31A of SEBI LODR for promoter reclassification.

Voting timeline and how e-voting works

The voting process is being conducted through remote e-voting. The company set March 20, 2026 as the cut-off date for determining voting rights. The notice was dispatched electronically on March 25, 2026 to eligible members.

Voting is scheduled to open at 9:00 AM IST on March 26, 2026 and close at 5:00 PM IST on April 24, 2026. The notice states Central Depository Services (India) Limited (CDSL) has been appointed to facilitate e-voting, and shareholders can access the notice on the company website (www.kotharis.in) and CDSL’s platform (www.evotingindia.com). The company indicated that results will be declared within two working days after the voting period ends.

Company and filing identifiers disclosed

Kothari Industrial Corporation Limited’s corporate identifiers were included in the disclosure. The company operates under CIN No. L81100TN1970PLC005865. Its registered office address was stated as Kothari Building - No.114/117, Mahatma Gandhi Salai, Nungambakkam, Chennai - 600034.

The publication-related filing to BSE was signed by Company Secretary and Compliance Officer Anil Kumar Padhiali, and the document notes a digital signing timestamp of March 26, 2026 at 15:00:34 +05'30'. These details typically matter to investors tracking the authenticity and timing of disclosures.

Market snapshot included with the update

The content also carried recent stock-return snapshots for Kothari Industrial Corporation, including a one-day move of -6.64%. The same table presented +13.76% for 5 days, 1 month, 6 months, 1 year, and 5 years. The stock price shown alongside the update was 198.85, with a change of -14.15 (-6.64%).

These figures were presented as historical returns and price context around the time the postal ballot disclosures were circulating, rather than as a direct consequence of the ballot process.

Why this postal ballot matters for governance disclosures

From the facts disclosed, the postal ballot is primarily a governance and compliance exercise rather than an operational announcement. The appointment of a Women Independent Director is a board composition matter, while the appointment of a Non-Executive Non Independent Director adds another board member subject to shareholder consent.

The promoter reclassification proposal, if approved, changes how certain shareholders are categorised in regulatory filings. The company’s disclosure links this proposal to SEBI LODR requirements and notes that BSE has provided a no-objection letter, subject to shareholder approval.

Conclusion

Kothari Industrial’s March 2026 disclosures combine the issuance of a postal ballot notice with a Regulation 47 newspaper publication confirming dispatch, alongside a filing to BSE for record-keeping. Shareholders have an e-voting window from March 26 to April 24, 2026, with results expected within two working days after voting closes. The final outcome will determine whether the director appointments and promoter reclassification proposal are implemented as set out in the postal ballot notice.