Announced Mon, 18 May · 13:13 IST

With reference to the captioned subject, please find enclosed the minutes of the resolution passed by way of Postal Ballot through remote e-voting process. The results of the Postal Ballot ....

Board & Shareholder Meetings View source PDF

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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
-4.0%1-day move
₹10.28
prior close
₹10.14
base price
In-mkt
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+0.0+0.0+0.0+0.0-4.0-1.6-1.2-0.4+0.0-0.8-4.1-9.7-10.9
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AI summary

Asian Tea & Exports Limited conducted a postal ballot through remote e-voting to appoint Mr. Kuldeepak Bansal (DIN: 05270419) as a Non-Executive Independent Director for a term of 5 years (26th March 2026 to 25th March 2031). The e-voting period ran from 5th April 2026 to 4th May 2026. The resolution was passed as a Special Resolution with overwhelming shareholder approval — 1,83,10,046 votes in favour (99.59%) against only 75,081 votes against (0.41%). Mr. Bansal was previously appointed as Additional Director (Non-Executive & Independent) on 26th March 2026 and this appointment formalises his role as Independent Director not liable to retire by rotation. The scrutinizer was CS Puja Pujari of M/S Puja Pujari & Associates.

Likely market impact

The appointment strengthens the Board's independent oversight with near-unanimous shareholder backing, signalling strong confidence in the new director. No direct impact on the stock price expected, but positive for corporate governance.