Alicon Castalloy Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
ALICON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Alicon Castalloy Limited announced the results of its postal ballot conducted via remote e-voting from April 1 to April 30, 2025. Shareholders approved two special resolutions: appointment of Ms. Sujatha Narayan (DIN: 02564571) as Non-Executive Independent Director for five years until February 9, 2030, with 99.98% votes in favour (3,709,781 votes), and appointment of Mr. Ajay Nanavati (DIN: 02370729) as Non-Executive, Non-Independent Director (with effect from April 30, 2025, after his prior independent director term ended April 29, 2025), with 97.74% votes in favour (3,626,514 votes). Both resolutions passed comfortably. The Scrutinizer confirmed all 70 e-voting responses were valid.
The company has strengthened its board with one new independent director (Sujatha Narayan) and re-positioned Mr. Nanavati from independent to non-independent non-executive role. Strong shareholder approval signals confidence in the board composition; no material impact on stock price expected.