With reference to the Postal Ballot Notice dated 10 March 2025, attaching the scrutinizer''s report.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Alufluoride Ltd has announced the results of its Postal Ballot (remote e-voting held from 21 March to 20 April 2025) on four special resolutions. All four resolutions were passed with near-unanimous support of about 99.98% of votes cast. The resolutions include (1) the appointment of Sri Aditya Akkineni (DIN: 01629979) as Whole-Time Director designated as Chief Executive Officer – note that the promoter/promoter group was interested in this resolution, (2) and (3) changes to the Object Clause and Liability Clause of the Memorandum of Association to align with the Companies Act, 2013, and (4) alteration of the Articles of Association of the company. Total votes polled stood at 43,92,492 shares (about 56.17% of outstanding shares), out of 15,871 shareholders on the cut-off date of 7 March 2025. There were no invalid votes and opposition was negligible at less than 0.02% across all resolutions.
Shareholders have formally approved the appointment of a new CEO from the promoter group and housekeeping amendments to the company's constitutional documents. These are largely procedural and governance-related changes with minimal direct impact on stock price, though the new CEO appointment signals a potential leadership refresh that investors should watch for strategic direction updates.