Ashapura Minechem Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
ASHAPURMIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ashapura Minechem Limited has announced the results of its postal ballot conducted through remote e-voting from March 29 to April 27, 2026. All five special resolutions were passed with overwhelming shareholder approval. Key resolutions include adoption of the Employee Stock Option Plan 2026 (92.81% in favor) and its extension to subsidiary and group companies (92.79% in favor). The re-appointment of Hemul Shah as Executive Director & CEO was approved with 98.06% favor votes. Two new independent director appointments - Jagdish Shetty and Wilson Mathais - were regularized with 99.79% and 99.79% approval respectively. Total voting participation was 47.77% of outstanding shares, with promoters voting unanimously in favor on all resolutions.
All resolutions passed with strong shareholder backing, indicating confidence in the company's ESOP strategy and governance. The high approval for director appointments suggests smooth board operations going forward. The ESOP may help retain and motivate employees across the group.