Voting results of postal ballot and Scrutinizer report
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
ADC India Communications conducted a postal ballot via remote e-voting from April 3 to May 2, 2025, in which shareholders approved both resolutions. Resolution 1, the appointment of Mr. Jonathan Niall Murphy (DIN: 10057273) as Non-Executive Non-Independent Director, was passed with 99.99% votes in favor (33,19,505 of 33,19,640 valid votes). Resolution 2, approval of material related party transactions with CommScope India Private Limited, was passed with 98.14% votes in favor (6,480 of 6,603 valid votes). The promoter group, holding roughly 72% of shares (33,13,037 shares), abstained from voting on Resolution 2 because of their interest in the related party. A total of 38 members participated in e-voting out of 8,634 shareholders on record as of the March 28, 2025 cut-off date.
The new director appointment appears to add a nominee from the parent CommScope group to the board, reinforcing promoter influence. The RPT clearance allows the company to continue transacting with its parent entity CommScope India, which is operationally significant but worth monitoring by minority shareholders for arm's-length pricing.