Foce India Limited Board Approves Fresh Postal Ballot Following Low Engagement in E-Voting
Foce India Limited, the authorized distributor for FOCE Watches and formerly known as Heighten Trading Company Private Limited, announced that its Board of Directors approved the conduct of a fresh Postal Ballot process. This decision follows an initial e-voting period during which no votes were cast by any members.The meeting of the Board of Directors was held on Saturday, July 18, 2026. The directors reviewed and approved several key resolutions, including the migration from the National Stock Exchange of India Limited Emerge Platform to the main board of the National Stock Exchange of India Limited (NSE). The Board also approved direct listing approval from the NSE Emerge Platform to the BSE Limited Main Board.
The seven core resolutions subject to the fresh Postal Ballot include:
1. Approval for migration from the National Stock Exchange of India Limited Emerge Platform to the National Stock Exchange of India Limited Main Board.
2. Approval for Direct Listing from the National Stock Exchange of India Limited Emerge Platform to BSE Limited Main Board.
3. Re-appointment of Mr. Manoj Sitaram Agarwal as Managing Director for a further term of five consecutive years.
4. Regularization of Mrs. Anita Manoj Agarwal's appointment as a Director (NonExecutive & NonIndependent).
5. Re-appointment of Mrs. Abhilasha Chaudhary as an Independent Director for a second term of five years.
6. Re-appointment of Mrs. Rekha Agarwal as an Independent Director for a second term of five years.
7. Re-appointment of Mr. Lalit Kumar Tapadia as an Independent Director for a second term of five years.
The Board noted that certain shareholders had communicated difficulties and were unable to cast their votes during the previous e-voting period, leading the Board to approve a fresh Postal Ballot process to ensure all eligible members have a fair opportunity to exercise their voting rights.
Key Management Appointments
The company provided details regarding the appointments and reappointments of its directors:| Director | Role/Status | Date Approved | Profile Highlights |
|---|---|---|---|
| Mr. Manoj Sitaram Agarwal | Managing Director (Re-Appointment) | July 5, 2026 | Holds a Bachelor of Commerce degree and has 26 years of experience in Management, Administration, Trading, and Finance. |
| Mrs. Anita Manoj Agarwal | Additional Director (NonExecutive & NonIndependent) | May 27, 2026 | Holds a Bachelor of Commerce degree with vast experience in the field of Management, Administration, Trading, and Finance. |
| Mrs. Abhilasha Chaudhary | Independent Director (Re-Appointment) | July 5, 2026 | Has a Master degree in Commerce (Finance), is an Associate member of ICSI, and has over 9 years of experience in Secretarial Compliance. |
| Mrs. Rekha Agarwal | Independent Director (Re-Appointment) | July 5, 2026 | Is a Company Secretary with more than 10 years of knowledge and experience in Company Law, SEBI (LODR) Regulations, and Merger and Acquisitions. |
| Mr. Lalit Kumar Tapadia | Independent Director (Re-Appointment) | July 5, 2026 | Is a Chartered Accountant with knowledge in Accounts, Investment Management, and Finance. |
Mr. Manoj Sitaram Agarwal holds the position of Managing Director, and Mrs. Anita Manoj Agarwal is his wife. The Board confirmed that all appointed directors meet compliance standards regarding debarment status.
The meeting commenced at 02:00 P.M. and concluded at 02:50 P.M. The company announced that further details regarding the fresh Postal Ballot process, including the revised e-voting timeline, will be communicated to eligible members.
FOCE Stock Price Movement
On Friday, Foce India Limited shares held steady, concluding the session at ₹604.80 after trading flat. Trading activity included 4080 shares recorded during the day as the stock finished its market period.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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