Shiva Cement postal ballot: CEO, RPT votes, dates

Stock snapshot and why the filing matters

Shiva Cement’s share price was ₹16.96 on 22 May 2026 at 15:41, showing a day move of ₹0.12 (0.02%), as per the update shared alongside the company’s exchange disclosure. The corporate update is linked to a Regulation 30 (SEBI LODR) announcement on newspaper publication and the company’s postal ballot process. Such postal ballots are typically watched because they combine governance decisions with approvals that can shape how a company transacts within a group structure. In this case, shareholders are being asked to vote on the CEO’s continuation and on multiple related party transactions (RPTs) for FY2026-27. The company has stated that the transactions are intended to support synergies and economies of scale within the JSW Group ecosystem.

What Shiva Cement announced under Regulation 30

Shiva Cement Ltd (BSE scrip code: 532323) disclosed that it has issued a postal ballot notice to shareholders. The notice seeks approval for the re-appointment of Mr. Manoj Kumar Rustagi as Whole-time Director and CEO. It also includes proposals to approve several material related party transactions for FY2026-27 with JSW Cement and other JSW group entities. The announcement also references that the postal ballot notice is being published in newspapers, as part of the overall compliance process.

Dispatch completed and cut-off date for eligibility

The company said it has completed the electronic dispatch of its Postal Ballot Notice dated 14 May 2026. The dispatch was made to shareholders who were on the register as of the cut-off date, 8 May 2026. Only members holding shares in physical or dematerialised form as on that cut-off date are eligible to vote through the remote e-voting process. The company also stated that the postal ballot notice is available for download on its website, the BSE website, and the NSDL e-voting portal.

Voting window: NSDL remote e-voting schedule

Shiva Cement has provided remote e-voting through NSDL (www.evoting.nsdl.com). The e-voting window opened on 15 May 2026 and will close on 13 June 2026. The company said the results will be declared within two working days of the closure of e-voting, along with the scrutinizer’s report. If the resolutions are passed by the requisite majority, they will be deemed to have been passed on 13 June 2026, which is the last date specified for e-voting.

The five resolutions shareholders will vote on

The postal ballot notice covers five resolutions. One is a special resolution for the re-appointment of the CEO as Whole-time Director. The remaining four are ordinary resolutions seeking approval for material related party transactions with specific JSW group entities for FY2026-27. The company’s disclosure positions these approvals as part of enabling group-level synergies and economies of scale.

Key procedural details: platform, timings, scrutinizer

The company appointed Ms. Meghana Mhatre as the scrutinizer for the postal ballot process. The disclosure includes her professional details as Membership No. ACS 18352 and CP No. 7499, Proprietor, M/s. Meghana Mhatre & Associates. The e-voting schedule specifies the opening and closing times in IST, alongside the cut-off date. For shareholders, these procedural details matter because they define eligibility, the time window for voting, and when outcomes should be expected.

CEO re-appointment: board approval and shareholder vote

Shiva Cement’s board had already considered and approved the re-appointment of Mr. Manoj Kumar Rustagi as Whole-time Director and CEO at its meeting held on 23 March 2026. The company’s update notes that the continuation is subject to shareholder approval, which is now being sought through the postal ballot. The term described in the accompanying context is a three-year period from 26 June 2026 to 25 June 2029. In governance terms, the postal ballot is the mechanism that turns the board decision into a shareholder-approved appointment, assuming the resolution is passed.

Why related party transaction approvals are a focus area

The disclosure includes four separate items for material related party transactions with JSW group entities for FY2026-27. While the company did not disclose transaction values in the provided text, the need for shareholder approval indicates the transactions are considered “material” under applicable rules. Shiva Cement has framed the rationale as achieving synergies and economies of scale within the group. For investors, RPT approvals typically draw attention because they involve dealings with promoter-group or group-connected entities and therefore rely on a robust approval process and transparent disclosures.

Where shareholders can access documents and what comes next

The company stated that the postal ballot notice is available on www.shivacement.com, www.bseindia.com, and the NSDL portal. After the e-voting window closes on 13 June 2026, the company expects to declare results within two working days and publish them on the company, BSE, and NSDL websites, along with the scrutinizer’s report. Shareholders with process-related queries may contact NSDL at 022-4886 7000, as per the notice. The next formal milestone, based on the disclosure, is the publication of voting outcomes after the close of the remote e-voting period.