Notice for Approval of Related Party Transactions, limited to Rs. 1000 cr. via Postal Ballot and Remote E-Voting

A notice has been issued for passing an Ordinary Resolution proposed for approval by the company's members exclusively via Postal Ballot using electronic voting ("Remote e-voting") for special business, adhering to the Companies Act, 2013, Rules, Secretarial Standard-2, and MCA Circulars. The Company seeks approval for related party transactions with Sheela Foam Limited (holding company of Kurlon Enterprises Ltd.)  under the Companies Act, 2013, ensuring compliance with applicable laws, conducting transactions at arm’s length and in the ordinary course of business for an amount not exceeding in the aggregate Rs. 10,00,00,00,000, for FY24-25.

The remote e-voting period starts from 9:00 a.m. (IST) on Wednesday, May 1, 2024, until Thursday, May 30, 2024, at 5:00 p.m. (IST). The Scrutinizer will submit the voting report to the Chairperson or an authorized person. The results will be announced by Friday, May 31, 2024, and posted on the Company's website.