Sansera Engineering Seeks Shareholders' Approval for Appointment of Three New Independent Directors
Sansera Engineering Ltd has proposed, through a Postal Ballot process, the appointment and remuneration of three new individuals as Independent Directors. The appointments are set for a five-year term and include Ms. Radhika Govind Rajan, Mr. Deepak Keshav Ghaisas, and Mr. Venkataram Mamillapalle.The company is seeking shareholder approval for these special resolutions via remote electronic voting (e-voting). Voting commenced on June 17, 2026, and is scheduled to close on July 16, 2026. The results of the Postal Ballot will be declared within two working days from the closing date of e-voting.
Key Appointments and Terms
The resolutions propose the appointment of the three individuals as Independent Directors (ID) who were initially appointed as Additional Directors by the Board of Directors on May 20, 2026. The appointments are subject to shareholder approval via a Special Resolution.A key aspect of the resolution concerning Ms. Radhika Govind Rajan is the specific approval required for her continuation as an Independent Director, given that she will attain seventy-five years during the proposed term, in compliance with regulatory requirements.
The appointments and compensation sought are detailed below:
| Individual | Role | Term (Start to End) | Compensation Sought (Max) |
|---|---|---|---|
| Ms. Radhika Govind Rajan | Independent Director | May 20, 2026, to May 19, 2031 | Not exceeding Rs. 30.00 Lacs per annum + sitting fees and reimbursement of actual expenses |
| Mr. Deepak Keshav Ghaisas | Independent Director | May 20, 2026, to May 19, 2031 | Not exceeding Rs. 30.00 Lacs per annum + sitting fees and reimbursement of actual expenses |
| Mr. Venkataram Mamillapalle | Independent Director | May 20, 2026, to May 19, 2031 | Not exceeding Rs. 30.00 Lacs per annum + sitting fees and reimbursement of actual expenses |
E-Voting Details and Oversight
The company has engaged MUFG Intime India Private Limited for providing the remote e-voting facility. The voting period is fixed from Wednesday, June 17, 2026, at 9:00 a.m. (IST) to Thursday, July 16, 2026, at 5:00 p.m. (IST).The cut-off date for determining voting rights was set as Friday, June 12, 2026. The company also appointed CS Pramod SM or failing him CS Biswajit Ghosh of M/s. BMP & Co., LLP, a Practicing Company Secretary firm, Bengaluru, to scrutinize the e-voting process.
Members are advised that voting rights are calculated in proportion to the equity shares held on the cut-off date. The results along with the Scrutinizer's report will be displayed on the company's website.
SANSERA Stock Price Movement
Shares of Sansera Engineering Limited are edging higher to ₹2943 as of 10:45 AM today, climbing 0.99% in live trading. The stock continues a strong session after hitting an intraday high of ₹2950 and has registered a volume of 64,106 shares so far.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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