Postal Ballot Outcome
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bhagawati Gas Limited held a postal ballot voting that concluded on May 7, 2026. Two resolutions were passed with overwhelming majority (over 99%). Resolution 1 approved the change in designation of Mrs. Shachi Bhardwaj from Whole Time Director to Executive Director, with 99.52% votes in favor. Notably, the promoter/promoter group declared interest in this resolution, indicating a related party transaction. Resolution 2 appointed M/s ATCS & Associates as the company's Secretarial Auditors, passing with 99.99% approval. Total voter turnout was 31.56% of outstanding shares, with 22,909 shareholders on record.
The promotion of Mrs. Shachi Bhardwaj to Executive Director with promoter interest declared raises governance concerns as it appears to be a related party transaction involving the promoter family. Shareholders should monitor for any related party disclosure requirements being met.