Please find enclosed herewith the Voting Results along with Scrutinizers Report of the Postal Ballot.
BANCOINDIA · price
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Awaiting price reaction for this filing.
Banco Products (India) Limited announced the results of its postal ballot conducted through remote e-voting from 30th May to 28th June 2025. Three resolutions were put to vote: (1) regularising the appointment of Mr. Venkata Ranganath Kumar Sarni as Director (passed with 99.82% in favour), (2) appointing him as Whole-time Director / Key Managerial Personnel (passed with 99.94% in favour), and (3) approving payment of commission to Mr. Shivam M. Patel, a Non-Executive Non-Independent Director (passed with 96.74% in favour). Promoter and promoter group, holding 82.41% of outstanding shares, voted 100% in favour of all three resolutions. All resolutions were passed with the requisite majority and are deemed effective from 28th June 2025.
Routine governance filing with overwhelming shareholder support — no meaningful dissent on board appointments or director compensation. Unlikely to have any material impact on the stock price.