Outcome of Postal Ballot along with Scrutinizer''s Report
AKCAPIT · price
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A.K. Capital Services Ltd announced the results of its Postal Ballot conducted between March 12 and April 10, 2025. The single special resolution was to re-appoint Mr. A.K. Mittal (DIN: 00698377), a promoter, as Managing Director for another 5-year term starting April 1, 2025. The resolution was passed with overwhelming approval, receiving 99.9995% votes in favour and just 0.0005% against, out of 6,600,000 total outstanding shares. Only 58 members participated in the e-voting, representing about 9.92% of the paid-up equity share capital. The scrutinizer, M/s Ragini Chokshi & Co., confirmed the voting process was fair and transparent, and the resolution was deemed passed on April 10, 2025.
This is a routine re-appointment of an existing promoter as Managing Director, ensuring leadership continuity for the next 5 years. The near-unanimous approval suggests strong shareholder confidence in the current management, with no material impact expected on the stock price.