The Board of Directors of Univastu India Limited met on March 4, 2026, and approved the continuation of Mr. Dhananjay Barve as a Non-Executive Independent Director. Mr. Barve, who turned 75 on December 6, 2025, will continue until the end of his second term on November 13, 2029. This continuation is subject to shareholder approval via postal ballot. The Board also approved the conduct of a postal ballot for this purpose. The postal ballot notice will be circulated to members, with the remote e-voting period commencing on March 6, 2026, at 9:00 a.m. and concluding on April 4, 2026, at 5:00 p.m. The scrutinizer's report will be submitted to the stock exchange on or before April 7, 2026. Mr. Nishad Umranikar has been appointed as the Scrutinizer for the postal ballot, and 'Bigshare Services Pvt. Ltd' has been appointed as the Registrar and Transfer Agent to coordinate the remote e-voting process. The meeting, held at the company's registered office, commenced at 4:00 p.m. and concluded at 5:00 p.m. Additionally, the company was notified by the National Stock Exchange of India Limited regarding a non-compliance with Regulation 17(1A) of the Listing Regulations concerning the delayed approval for the continuation of Mr. Dhananjay Barve's directorship post-75 years of age. A fine of ₹52,000 plus 18% GST (total ₹61,360) has been levied for the quarter ended December 31, 2025. The company is required to place this matter and the Board's comments before the next Board Meeting and inform the Exchange.
