Ashoka Buildcon Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
ASHOKA · price
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Ashoka Buildcon Limited announced the results of its postal ballot conducted via remote e-voting from February 7 to March 8, 2026, with both special resolutions approved by shareholders. Resolution 1 was the re-appointment of Mr. Ashok Katariya as Whole-time Director designated as Chairman for three years from April 1, 2026, along with his remuneration. This resolution was passed with 99.32% votes in favour (11.53 crore shares for vs. 7.94 lakh against), though promoter group did not vote as they were deemed interested. Resolution 2 was the re-appointment of Ms. Shilpa Hiran as Independent Director for a second term of five years starting February 1, 2026, which was passed with 93.02% votes in favour (20.06 crore shares for vs. 1.50 crore against). The company had 194,299 shareholders on record, and the scrutinizer Mr. Vishwanath of Sharma & Trivedi LLP confirmed both resolutions were passed with the requisite majority.
The strong shareholder approval confirms continuity in leadership, with Ashok Katariya retaining the Chairman role for another three years and board independence being maintained through Shilpa Hiran's re-appointment. The high approval percentages suggest no significant dissent, indicating stable governance with little near-term overhang from these routine re-appointments.