Ashoka Metcast Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
ASHOKAMET · price
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Ashoka Metcast Limited announced the results of a postal ballot conducted via remote e-voting, which concluded on 26th June 2025. Two special resolutions were passed: (1) approval of remuneration payable to Managing Director Mr. Ashok Chinubhai Shah, and (2) regularization of appointment of Mr. Umangkumar Hirabhai Patel as a Non-Executive Independent Director. Both resolutions were approved with overwhelming majority — over 99.5% of votes polled in favour. Total of 13,591,448 shares (54.37% of outstanding equity) participated in the voting out of 19,189 shareholders on record. The scrutinizer was Mr. Chintan K. Patel, Practicing Company Secretary. No invalid votes were recorded.
The resolutions are routine governance items and their approval with near-unanimous support is unlikely to materially affect the share price. Shareholders have endorsed the existing MD's remuneration and added a new independent director to the board, reinforcing board composition.