Camlin Fine Sciences Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
CAMLINFINE · price
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Camlin Fine Sciences conducted a Postal Ballot via remote e-voting from March 25 to April 23, 2025, with 55.54% voting participation out of 57,169 eligible shareholders. All four resolutions were passed with overwhelming majority: appointment of Mr. Abeezar Faizullabhoy as Non-Executive Independent Director (99.99% in favor), appointment of Ms. Radhika Dudhat as Non-Executive Independent Director (99.99% in favor), appointment of Mr. Jens Van Nieuwenborgh as Non-Executive Non-Independent Director (99.99% in favor), and modification of the ESOP 2021 (94.49% in favor). Promoter group holding 9.22 crore shares (about 49% stake) voted 100% in favor of all resolutions. Notably, public institutional investors (holding 99.7 lakh shares) voted 75% against the ESOP modification, though it still passed with promoter support.
Two new independent directors and one non-independent director have been formally appointed to the board, strengthening governance. The ESOP 2021 modification, while passed, saw significant dissent from institutional investors, which shareholders should monitor for potential future dilution concerns.