Announced Tue, 5 May · 16:50 IST

Details specified in the attached Disclosure.

Management Changes View source PDF

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-0.7%1-day move
₹10.49
prior close
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.7-0.7-1.0+14.4+1.2-2.0-2.8-6.5-9.8
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AI summary

Asian Tea & Exports Limited has announced the results of a postal ballot conducted to appoint Mr. Kuldeepak Bansal (DIN: 05270419) as a Non-Executive Independent Director. The special resolution was passed with an overwhelming majority — 99.59% of votes in favour (18,310,046 votes) versus 0.41% against (75,081 votes). The remote e-voting period ran from 5th April to 4th May 2026, with 17,988 shareholders eligible to vote. Promoter group voted unanimously in favour (100%), and even among public non-institutions, 97.89% voted in favour. The scrutinizer confirmed the resolution was passed with the requisite majority.

Likely market impact

The appointment adds a new independent director to the board, which is positive for governance. Strong shareholder backing (99.59% in favour) signals confidence in the new director. No immediate share price catalyst expected from this routine governance action.