This is in reference to Postal Ballot Notice dated March 10, 2025. Based on the Scrutinizer Report the resolutions have been duly passed. We are enclosing herewith the details of voting ....
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Alufluoride Ltd has announced the results of its Postal Ballot (voting period March 21 to April 20, 2025), with all four special resolutions duly passed. The key resolution was the appointment of Sri Aditya Akkineni (DIN: 01629979) as Whole-Time Director designated as Chief Executive Officer, in which the promoter group is interested. The other resolutions approved changes to the Object Clause, Liability Clause of the Memorandum of Association, and alterations to the Articles of Association to align with the Companies Act, 2013. All resolutions passed with overwhelming support of approximately 99.98% in favour. Promoters voted 100% in favour (42,44,650 shares), while public participation was extremely low, with only 4.88% of public non-institutional shares being polled.
Sri Aditya Akkineni is now formally appointed as CEO, marking a leadership transition. The MoA/AoA amendments are routine housekeeping to align with the Companies Act, 2013 and are unlikely to impact shareholders. The very low public voting participation and strong promoter backing mean these changes were largely driven by the promoter group, with minimal minority shareholder voice.