Result of Postal Ballot by remote e-voting process
CEINSYS · price
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Ceinsys Tech Ltd has announced the results of its postal ballot conducted via remote e-voting from July 3 to August 1, 2025. All three resolutions were passed with the required majority. Resolution 1 (Special): Appointment of Mr. Phaneesh Murthy as Independent Director passed with 99.98% votes in favour (87.80 lakh shares). Resolution 2 (Ordinary): Appointment of Mr. Surej Kunhithayyil Poyil as Non-Executive, Non-Independent Director passed with nearly 100% votes in favour (87.82 lakh shares). Resolution 3 (Ordinary): Approval of Material Related Party Transactions passed with 96.94% votes in favour (3.30 lakh shares), with promoters abstaining from voting on this resolution due to being interested parties. Overall shareholder turnout stood at around 50.35% of outstanding shares for Resolutions 1 and 2, and about 1.95% for Resolution 3 (excluding promoter votes).
Shareholders have approved the induction of two new directors to the board and cleared material related party transactions. This strengthens board composition with a new independent director and signals ongoing related-party dealings that investors should monitor for governance implications.