Ashoka Buildcon Limited is seeking shareholder approval via postal ballot for the re-appointment of Mr. Satish Parakh as Managing Director and Mr. Sanjay Londhe as a Whole-time Director for a period of three years, commencing from April 1, 2025.
The remote e-voting period will begin on May 28, 2025, at 9:00 a.m. (IST) and will end on June 26, 2025, at 5:00 p.m. (IST).
Mr. Dinesh Trivedi, Mr. Sachin Sharma and Mr. Vishwanath of M/s Sharma & Trivedi LLP have been appointed as scrutinizers for the postal ballot process.
The re-appointment of Mr. Satish Parakh is proposed considering his vast experience, leadership capabilities and involvement in critical business matters. He is actively involved in shaping the vision for upcoming projects and guiding the alignment of key resources.
The re-appointment of Mr. Sanjay Londhe is also proposed, and details of his remuneration and terms of re-appointment are included in the notice.