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Ashnisha Industries Ltd (BSE: 541702) concluded its Postal Ballot on 4th March 2026, with shareholders approving both special resolutions. Resolution 1 regularized the appointment of Mr. Kunjan Nathabhai Rathod (DIN: 10964701) as a Non-Executive Independent Director, passing with 99.97% votes in favor (2.12 crore shares in favor, 7,269 against). Resolution 2 approved the addition to the Object Clause of the Memorandum of Association, passing with nearly 100% votes in favor (2.12 crore shares in favor, 567 against). The promoter group (holding 1.75 crore shares) voted 100% in favor of both resolutions. Public participation was low, with only about 8% of total outstanding shares being polled.
Routine corporate housekeeping — a new independent director joins the board and the company has expanded its permitted business activities through the MoA amendment. No material impact expected on shareholders or stock price, though investors may want to track what new business lines the company plans to pursue under the expanded object clause.