Outcome of Postal Ballot Notice dated 28/01/2026 & Scrutinizer''s Report.
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Awaiting price reaction for this filing.
ASI Industries Ltd conducted a postal ballot (remote e-voting from Feb 4 to Mar 5, 2026) to seek shareholder approval for the appointment of Mr. Rajaram Agarwal (DIN: 10384386) as an Independent Director for a 5-year term. The special resolution was passed with overwhelming majority, receiving 99.98% votes in favor (7,02,30,649 shares) against just 11,091 shares (0.02%) voted against it. Promoters and promoter group voted 100% in favor, while public non-institutions backed it with 99.75% support. There were no invalid votes. The scrutinizer, GMJ & Associates (CS Nirmal Gupta), confirmed the resolution was passed with the requisite majority.
This is a routine board appointment confirmation with near-unanimous shareholder support, indicating no governance concerns. The appointment strengthens the independent director lineup but is unlikely to have any meaningful impact on the stock price.