Walchandnagar Industries Limited has announced a postal ballot notice dated January 29, 2026, seeking member approval for three key resolutions. The first resolution pertains to the change of the company's registered office from Mumbai to Pune, including an amendment to the Memorandum of Association if necessary. The second resolution is to approve the sale of Dharwad Land, comprising survey numbers 71B, 72B, and 83 (Part), for a total consideration of ₹25 crore to Manjunath B Garag Infracon Private Limited. The third resolution concerns the reappointment of Mr. Chirag C. Doshi as Managing Director & Chief Executive Officer for a period of three years, effective April 1, 2026, along with the approval of his remuneration package. This package includes a monthly salary of ₹7,00,000, a special allowance of ₹2,40,000, housing allowance of ₹2,00,000, and a commission of 1% of net profits, subject to adequate profits. The remote e-voting period will commence on February 7, 2026, at 9:00 AM IST and conclude on March 8, 2026, at 5:00 PM IST. The results of the postal ballot are expected to be announced on or before March 10, 2026.
