Outcome of Postal Ballot
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Acknit Industries conducted a Postal Ballot (remote e-voting) from 31st May to 29th June 2025 for two special resolutions seeking shareholder approval for the re-appointment of two Whole-time Directors. Resolution 1 was to re-appoint Mr. Deo Kishan Saraf (DIN: 00128804) for 3 years w.e.f. 1st April 2025, which was passed with 99.05% votes in favour (16,85,054 out of 16,96,854 votes polled). Resolution 2 was to re-appoint Mr. Abhishek Saraf (DIN: 00129144) as a Whole-time Director, which was passed with 99.16% votes in favour (19,01,574 out of 19,17,772 votes polled). In both cases, promoters voted 100% in favour, and public non-institutional shareholders voted 97.24% in favour. The scrutinizer Ms. Rekha Goenka certified the process as fair and transparent.
Both resolutions passed with overwhelming shareholder support (over 99% in favour), confirming continuity of the Saraf family-led management team. This is a routine governance outcome with strong legitimacy and is unlikely to have a material impact on the stock price.