Cambridge Technology Enterprises Limited has submitted the Exchange a copy of Srutinizers report of Postal Ballot along with Voting Results
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Cambridge Technology Enterprises Limited has submitted voting results from its postal ballot conducted via remote e-voting between April 15 and May 14, 2025. Two special resolutions were put to shareholders: (1) appointment of Mr. Tarakad Narayanan Kannan as Non-Executive Independent Director, and (2) change in designation of Ms. Jayalakshmi Kumari Kanukollu from Non-Executive Independent Director to Non-Executive Non-Independent Director. Out of 12,784 shareholders on record, both resolutions passed with overwhelming approval — Resolution 1 received 99.999% votes in favour (1,12,86,110 in favour vs 135 against) and Resolution 2 received 99.999% in favour (1,12,86,103 in favour vs 144 against), representing 57.49% of total outstanding shares (1,96,31,015). Promoter group voted 100% in favour on both resolutions. The scrutinizer, Rajora & Co., certified the results on May 16, 2025.
Both resolutions have been formally approved, meaning a new independent director joins the board and an existing director's status has shifted to non-independent. These are routine corporate governance changes with no direct impact on financials or shareholder value, though the very high approval margin reflects strong shareholder consensus.