ITD Cementation India Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report.
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ITD Cementation India Limited has announced the results of a postal ballot conducted between April 9 and May 8, 2025. Two ordinary resolutions were passed with overwhelming majority by shareholders. The first resolution approved the re-appointment of Mr. Santi Jongkongka as Whole-time Director designated as Executive Vice Chairman for three months (April 1 to June 30, 2025) with 99.66% votes in favour. The second resolution approved the re-appointment of Mr. Jayanta Basu as Managing Director for three years (April 1, 2025 to March 31, 2028) with 99.64% votes in favour. Promoter and promoter group held 8,01,13,180 shares and voted 100% in favour of both resolutions. The scrutinizer P.N. Parikh of Parikh & Associates confirmed no invalid votes were cast.
Both director re-appointments have been approved with near-unanimous shareholder support, providing stability in leadership. The Managing Director's three-year re-appointment ensures continuity in the company's strategic direction, while the short-term Executive Vice Chairman appointment may suggest a planned leadership transition. No material negative impact expected for shareholders.