Nilkamal to Seek Shareholder Nod for Gautam Chakravarti's Appointment

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Nilkamal Limited (523385.NS) will seek shareholder approval via postal ballot for the appointment of Mr. Gautam G. Chakravarti (DIN 00004399) as a Non-Executive Independent Director, in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shareholders on record as of August 15, 2025, will receive a Postal Ballot Notice, including a special resolution for the appointment, via email. Physical shareholders are urged to update email addresses.

E-voting will commence on August 25, 2025, at 9:00 A.M. (IST) and close on September 23, 2025, at 5:00 P.M. (IST).

The resolution adheres to Companies Act, 2013, and SEBI Listing Regulations, 2015. The Nomination and Remuneration Committee and the Board of Directors recommend the appointment.

Mr. Chakravarti, appointed Additional Director (Non-Executive Independent Director) on July 29, 2025, meets independence criteria under Section 149(6) of the Act and Regulation 16(1)(b) of the Listing Regulations. He has been nominated for Director under Section 160(1) of the Act.

The resolution proposes Mr. Chakravarti as a Non-Executive Independent Director, not subject to retirement by rotation, for a five-year term from July 29, 2025, to July 28, 2030. Approval is sought for his continuation beyond July 02, 2028, due to his age exceeding 75 years, complying with Regulation 17(1A) of the SEBI Listing Regulations.

Directors or the Company Secretary are authorized to execute the resolution.

Mr. Bhaskar Upadhyay of N. L. Bhatia & Associates is the appointed Scrutinizer for the postal ballot process.

Results will be announced on or before September 25, 2025, and published on the company's website, the NSDL website, and communicated to the BSE and NSE.

The resolution, if passed, will be effective as of a General Meeting of Members on September 23, 2025.

Mr. Chakravarti, aged 72, holds degrees from the Indian Institute of Management, Ahmedabad, and has completed executive programs at Wharton Business School and MIT. He has held senior roles at Hindustan Unilever Limited and Mahindra and Mahindra, among others.

Currently, he is an Independent Non-Executive Director at Atul Finserv Limited and is involved in social and academic initiatives, including the Indian Cancer Society.

The Board believes Mr. Chakravarti's knowledge, integrity, and independence will enhance corporate governance and stakeholder value. He meets the requirements for a Non-Executive Independent Director and will provide valuable insights.

Details under Regulation 36(3) of the Listing Regulations and the Act are in the notice. Remuneration will follow the Company’s Nomination and Remuneration Policy.

The Board recommends the Special Resolution for approval, citing it as in the Company's best interest.

E-voting will commence on August 25, 2025, at 9:00 A.M. (IST) and close on September 23, 2025, at 5:00 P.M. (IST).