Outcome of Postal Ballot along with Scrutinizer''s Report
AKCAPIT · price
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A.K. Capital Services conducted a postal ballot to re-appoint Mr. A.K. Mittal (DIN: 00698377) as Managing Director for another 5-year term starting April 1, 2025. Voting ran from March 12 to April 10, 2025, and the special resolution was passed with 99.9995% votes in favour (only 3 shares voted against). Of the 6,600,000 total outstanding shares, only 654,438 shares (about 9.9%) participated in the voting. Notably, the promoter and promoter group, holding 4,718,730 shares, did not cast any votes through e-voting. The scrutinizer, M/s Ragini Chokshi & Co., confirmed the process was fair and transparent.
This is a routine re-appointment of the existing promoter-MD, so business continuity is maintained with no change in leadership. The near-unanimous approval reflects strong shareholder confidence, though the low overall voting turnout (under 10%) means this result largely reflects public shareholder sentiment rather than a broad mandate.