Orient Cement Limited issued a corrigendum to its Postal Ballot Notice dated May 29, 2025.
The correction pertains to Item Nos. 5, 6, and 7 and their corresponding explanatory statements, which should now be read as 'Special Resolution' instead of 'Ordinary Resolution'.
The e-voting period for the postal ballot commenced on Friday, May 30, 2025, at 9:00 A.M. (IST) and will conclude on Saturday, June 28, 2025, at 5:00 P.M. (IST).
The Company is seeking shareholder approval for several resolutions, including:
Appointment of Mr. Vinod Bahety and Mr. Rakesh Kumar Tiwary as Non-Executive, Non-Independent Directors.
Appointment of Mr. Vaibhav Dixit as Director and subsequently as Whole-time Director and Chief Executive Officer for a term of three years, effective April 23, 2025.
Appointment of Mr. Sudhir Nanavati, Mr. Ravi Kapoor, and Ms. Shruti Shah as Independent Directors for a term of three consecutive years from April 22, 2025, to April 21, 2028. Approval is also sought for Mr. Sudhir Nanavati's directorship as he has attained the age of 75 years.
Approval of Material Related Party Transactions for Financial Year 2025-26 with Ambuja Cements Limited, ACC Limited, and Adani Enterprises Limited.
Appointment of M/s G. K. Choksi & Co., Chartered Accountants, as Statutory Auditors to fill a casual vacancy caused by the resignation of B S R Associates & LLP.
Ratification of remuneration payable to M/s. P.M. Nanabhoy & Co., Cost Auditors, for the financial year 2025-26, at ₹3,00,000 (Rupees Three Lakhs Only) per annum plus expenses.
Shifting of the Company's registered office from the State of Orissa to the State of Gujarat.
The voting rights are based on shares held as of the cut-off date, Friday, May 23, 2025.
Mr. Raimeen Maradiya, Practicing Company Secretary, has been appointed as the Scrutinizer for the e-voting process.