Ashoka Buildcon Limited has submitted the Exchange a copy of Srutinizers report of Postal Ballot.
ASHOKA · price
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Ashoka Buildcon Limited has announced the results of its postal ballot conducted via remote e-voting from May 28 to June 26, 2025. Two special resolutions were passed with overwhelming shareholder approval: (1) Re-appointment of Mr. Satish Parakh as Managing Director for 3 years from April 1, 2025, along with his remuneration, which received 99.60% votes in favour (15,54,88,879 shares) against 0.40% against (6,27,844 shares); and (2) Re-appointment of Mr. Sanjay Londhe as Whole-time Director for 3 years from April 1, 2025, which received 99.81% votes in favour (21,10,03,527 shares) against 0.19% against (3,97,756 shares). Promoters did not vote on these resolutions as they were deemed interested parties. The scrutinizer, Mr. Vishwanath of Sharma & Trivedi LLP, confirmed both resolutions were passed with the requisite majority.
This is a routine corporate governance matter confirming the continuity of the company's top leadership for another 3-year term. Both resolutions passed with near-unanimous support from non-promoter shareholders, signaling strong investor confidence in the existing management team. No material impact on stock price is expected.