Announced Fri, 26 Jun · 18:36 IST
Postal ballot results: Two 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———
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AI summary
Adcounty Media India shareholders approved two special resolutions via postal ballot. Mr. Prateek Bhansali appointed as Independent Director for 5 years (99.99 percent in favor). Mr. Kumar Saurav appointed as Whole-time and Executive Director with remuneration (99.99 percent in favor). Kumar Saurav's own votes were excluded as an interested party. Out of 1266 shareholders, voting was conducted through remote e-voting.
Likely market impact
Board strengthened with a new Independent Director and Executive Director. Overwhelming approval reflects strong shareholder consensus on governance changes.