Centum Electronics Limited has informed the Exchange about Shareholders meeting
CENTUM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Centum Electronics announced the results of its postal ballot (remote e-voting) conducted from February 15 to March 16, 2026, with three special resolutions approved by shareholders. Resolution 1 (99.9999% in favour): Appointment of Mr. Apurva Chandra (DIN: 02531655) as Independent Director for a 5-year term from December 19, 2025. Resolution 2 (99.9999% in favour): Appointment of Mr. Ramesh Ramadurai (DIN: 07109252) as Independent Director for a 5-year term from February 14, 2026. Both appointments received overwhelming support with only 13 votes against each. Resolution 3 (99.92% in favour, 8,283 votes against): Approval for the restructuring/divestment of the company's Material Subsidiaries - Centum Electronics UK Limited and Centum T&S Group S.A., France (along with their subsidiaries). This allows the board to sell, transfer, or dispose of investments/assets, potentially resulting in control falling below 50% or complete cessation of control. Voting turnout was 71.32% with 10,510,328 votes polled out of 14,736,150 total shares. The promoter group voted 100% in favour of all resolutions.
The subsidiary divestment resolution is the most material item - it gives the board broad authority to exit the UK and France operations, which could reshape the company's geographic footprint and future revenue mix. Shareholders should watch for further announcements regarding the actual sale or restructuring terms, valuations, and any one-time gains/losses. The director appointments strengthen board oversight but are routine governance matters.