Signpost India Seeks Shareholder Approval for Director Appointment and Promoter Reclassification via Postal Ballot
Signpost India Limited has issued a notice for a postal ballot to seek shareholder approval for two key resolutions. The first resolution concerns the appointment of Mr. Sanidhya Mittal as an Independ...
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Why is Signpost India Limited in the news today?
Signpost India Limited (SIGNPOST) is in the news due to the announcement pertains to routine corporate actions such as director appointments and promoter reclassification, which are standard procedures and do not inherently indicate a positive or negative shift in the company's performance or outlook.
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Signpost India Seeks Shareholder Approval for Director Appointment and Promoter Reclassification via Postal Ballot
December 19, 2025, 06:05 AM
Signpost India Limited has issued a notice for a postal ballot to seek shareholder approval for two key resolutions. The first resolution concerns the appointment of Mr. Sanidhya Mittal as an Independent Director for a term of five years, commencing November 12, 2025, and concluding November 11, 2030. This appointment requires a Special Resolution.
The second resolution seeks approval, via an Ordinary Resolution, for the reclassification of certain individuals from the Promoter and Promoter Group category to the Public category. This includes Mr. Navin Chand Suchanti, holding 7.36% of shares. This reclassification is in accordance with SEBI Listing Regulations and has received no-objection from BSE Limited and the National Stock Exchange of India Limited.
The postal ballot process will be conducted through remote e-voting. The e-voting period will commence on December 22, 2025, at 9:00 A.M. (IST) and conclude on January 20, 2026, at 5:00 P.M. (IST). The cut-off date for determining eligible members to vote was December 12, 2025. Mr. Hitesh J Gupta, Practicing Company Secretary, has been appointed as the scrutinizer for the postal ballot.
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