Announced Fri, 26 Jun · 18:35 IST
Postal ballot results: 2 director appointments approved
Management Changes View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.4%1-day move
₹102.00
prior close
₹100.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-2.4-2.0-2.9-2.0-2.0-4.8-13.7———
Up moveDown movePending
AI summary
Adcounty Media India shareholders approved 2 special resolutions via postal ballot: appointment of Mr. Prateek Bhansali as Independent Director for 5 years, and Mr. Kumar Saurav as Whole-time Executive Director with remuneration. Both passed with 99.99% majority. Of 22.5 lakh total shares, 45% voted on Resolution 1 and 42% on Resolution 2. Kumar Saurav's own 6.4 lakh shares were excluded from Resolution 2 as he was an interested party.
Likely market impact
Board strengthened with new Independent and Executive Director. Near-unanimous approval signals strong shareholder support for leadership changes.