Result of Postal Ballot by remote e-voting process
CEINSYS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Ceinsys Tech Ltd announced the results of a Postal Ballot conducted via remote e-voting between July 3 and August 1, 2025. Three resolutions were passed: (1) Special Resolution to appoint Mr. Phaneesh Murthy as an Independent Director, approved with 99.98% votes in favour (87.80 lakh shares for vs 1,883 against); (2) Ordinary Resolution to appoint Mr. Surej Kunhithayyil Poyil as a Non-Executive, Non-Independent Director, approved with 99.999% in favour (87.82 lakh shares for vs 101 against); and (3) Ordinary Resolution approving Material Related Party Transactions, passed with 96.94% in favour (3.30 lakh shares for vs 10,404 against). Promoters (holding 90.44 lakh shares, ~52% stake) voted 100% in favour of both director appointments but abstained from the related party transaction vote as they were interested. The scrutinizer, Mr. Sushil Kawadkar, confirmed all resolutions were passed with the requisite majority on August 4, 2025.
The appointments strengthen the company's board with an additional Independent Director and a Non-Executive Director. Approval of the related party transaction gives the company flexibility to enter into material deals with related parties, though the ~3% dissent on this item signals some minority shareholder concern. Overall, near-unanimous approval on all items suggests strong shareholder confidence in management.