Mindteck (India) Launches Postal Ballot Seeking Approval for Two New Independent Directors
Mindteck (India) Limited has initiated a postal ballot, seeking shareholder approval for the appointment of two new individuals as Independent Directors: Ms. Preeti Mohan and Mr. Madhuranath R Konety. The company is utilizing a remote e-voting system to conduct the voting process regarding these appointments.The Postal Ballot Notice outlines the proposals and provides detailed information on the candidates, including their qualifications and experience profiles.
Candidate Appointments Details
Both resolutions concern the appointment of Additional Directors, effective from May 13, 2026, for a term of five years each. The Board of Directors has found that both individuals meet the criteria required for an Independent Director.Ms. Preeti Mohan (DIN: 07822681)
The company seeks approval for Ms. Preeti Mohan to be appointed as an Independent Director until May 12, 2031. She was appointed as an Additional Independent Director effective May 13, 2026.
| Attribute | Detail |
|---|---|
| Age | 58 years |
| Experience | Over 35 years |
| Qualifications | Bachelor of Engineering (Computer Science) from Birla Institute of Technology |
| Shareholding in the Company | NIL |
| Relationship with other Directors/KMP | NIL |
Ms. Mohan's expertise is noted for driving technology-enabled solutions and fostering innovation across various domains, including Digital and Business Transformation and P&L management. She holds a degree in Computer Science from Birla Institute of Technology.
Mr. Madhuranath R Konety (DIN: 02161694)
Mr. Madhuranath R Konety was also appointed as an Additional Independent Director, effective May 13, 2026, with the proposed tenure extending to May 12, 2031.
| Attribute | Detail |
|---|---|
| Age | 52 years |
| Experience | Over 30 years |
| Qualifications | MSx from Stanford Graduate School of Business; Master of Computer Science from Virginia Tech; Bachelor of Engineering from BMS College of Engineering |
| Shareholding in the Company | NIL |
| Relationship with other Directors/KMP | NIL |
Mr. Konety's background includes extensive experience as an enterprise artificial intelligence product leader and venture builder, possessing expertise in enterprise AI strategy, generative AI, and large language model product development.
E-voting Process and Timeline
The company has engaged Central Depository Services (India) Limited for the e-voting facility. The results of the Postal Ballot will be declared on or before Wednesday, July 15, 2026.Key operational details regarding the voting process are as follows:
- Voting Period: E-voting commences at 9:00 AM (IST) on June 14, 2026, and ends at 5:00 PM (IST) on July 13, 2026.
- Cut-off Date: The eligibility for voting is based on shareholding as of June 05, 2026.
- Scrutinizer: Mr. Gopalakrishnaraj H. H., a Practicing Company Secretary, has been appointed to scrutinize the Postal Ballot process.
The Explanatory Statement and the notice have been circulated electronically to registered members.
MINDTECK Stock Price Movement
Shares of Mindteck (India) Limited today slipped by 2.25% to settle at ₹200.83. The stock saw a low of ₹200.01 during trading, with the company reporting a volume of 81,241 shares traded.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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