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JNK India Announces Postal Ballot for Material Related Party Transactions
JNK India Limited
January 8, 2026, 10:46 AM
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JNK India Limited has announced a postal ballot to seek shareholder approval for material related party transactions. The company is proposing to continue existing and enter into new arrangements with JNK Chemdist Technologies Private Limited (JCTPL), a subsidiary, for an aggregate value not exceeding ₹70 crore. Additionally, shareholder approval is sought for material related party transactions between JCTPL and Chemdist Process Solutions Private Limited (CPSPL), a related party of JCTPL, for an aggregate value not exceeding ₹122.30 crore. These transactions are planned for FY 2025-26 and are subject to being carried out at arm's length and in the ordinary course of business. The e-voting period for the postal ballot will commence on January 9, 2026, at 9:00 a.m. IST and conclude on February 7, 2026, at 5:00 p.m. IST. The results of the postal ballot are expected to be declared on or before February 10, 2026. The notice for the postal ballot is being sent electronically to members whose email addresses are registered as of January 2, 2026.
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