Scrutinizer''s Report of Postal Ballot through Remote E-Voting
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Advance Metering Technology Limited concluded a Postal Ballot by remote e-voting on June 7, 2026, covering 5 resolutions out of which only 2 were passed. Resolution 1 (Ordinary) approved the appointment of Mrs. Natasha Tara Ranade as Whole Time Director (Executive Director), passing with 99.86% votes in favour. Resolution 5 (Special) approved the change in designation of Mrs. Ameeta Ranade to Chairman cum Non-Executive Non-Independent Director, passing with 93.61% support. However, Resolutions 2, 3 and 4 were rejected, including Section 185 loan/guarantee proposal (87% public voted against), Section 186 investments/loans proposal (87% public voted against), and Material Related Party Transactions with Industrial Solutions Corporation LLP (86.74% public voted against). Promoters abstained from voting on all three rejected resolutions citing conflict of interest, which contributed to their defeat given public shareholders' overwhelming rejection.
Minority shareholders have sent a strong signal by blocking three management proposals, especially related party transactions and lending/investment authorizations, reflecting governance concerns. The successful passage of director appointments indicates management retains board control, but rejection of key financial authorizations may restrict the company's ability to extend loans, give guarantees, or enter related party deals without seeking fresh shareholder approval.