AJR INFRA AND TOLLING LIMITED has informed the Exchange regarding 'Outcome of EGM'.
Awaiting price reaction for this filing.
AJR Infra and Tolling Limited (formerly Gammon Infrastructure Projects Limited) held an Extraordinary General Meeting on April 7, 2025 to vote on two director-related resolutions: re-appointment of Mr. Mineel Mali as Whole-Time Director for 3 years (Special Resolution) and appointment of Ms. Komal Goel as Independent Director for 5 years (Ordinary Resolution). Before the vote count concluded, shareholder Mr. Rakesh Sharad Chowdhary sent a letter admitting he had mistakenly voted 7,00,000 shares against both resolutions instead of in favour. Initially, the dissent of 7,35,926 votes was too high for the Special Resolution to meet the required 3:1 ratio (12,74,467 in favour), so the Scrutinizer initially reported it as not passed. After the Chairman invalidated those 7,00,000 erroneous votes, the dissent dropped to just 35,926 and 35,661 respectively, and both resolutions were declared passed with requisite majority.
Both director appointments are confirmed: Mr. Mineel Mali continues as Whole-Time Director and Ms. Komal Goel joins as Independent Director. The episode is unusual because the Special Resolution's outcome flipped based on a shareholder's post-vote letter and discretionary invalidation by the Chairman, which could attract governance scrutiny even though the results were ultimately favourable to the board's proposals.