Astec Life Sciences Limited has issued a Postal Ballot Notice to its shareholders seeking approval for several crucial resolutions. The notice, dated June 2, 2026, details proposals for the appointment of new directors, including Mr. Vishal Sharma and Mr. Burjis N. Godrej as Non-Executive, Non-Independent Directors, and Mr. Arijit Mukherjee as an Executive Director for a three-year term from April 13, 2026, to April 12, 2029. Mr. Mukherjee's remuneration package includes a basic salary ranging from ₹35,00,000 to ₹42,00,000 per annum, along with allowances, perquisites, performance-linked variable remuneration, retirement benefits, stock options, and retention payouts. Additionally, shareholders will vote on the appointment of Mr. Mathew Eipe as an Independent Director for a term from April 13, 2026, to June 6, 2027. The company is also seeking approval for related party transactions with its holding company, Godrej Agrovet Limited, up to an aggregate limit of ₹300 Crore, and with its ultimate holding company, Godrej Industries Limited, up to an aggregate limit of ₹105 Crore for the Financial Year 2026-27. The e-voting facility will be available from June 5, 2026, at 9:00 a.m. IST until July 4, 2026, at 5:00 p.m. IST. Physical postal ballots must reach the scrutinizer by July 4, 2026, 5:00 p.m. IST. The results of the postal ballot will be declared within two working days from the close of business hours on July 4, 2026.
