Centum Electronics Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
CENTUM · price
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Centum Electronics Limited has concluded a postal ballot (remote e-voting from February 15 to March 16, 2026) with all three special resolutions approved by shareholders. Resolution 1 appointed Mr. Apurva Chandra as Independent Director and Resolution 2 appointed Mr. Ramesh Ramadurai as Independent Director, both receiving 100% votes in favour. Resolution 3, which approved the restructuring and divestment/sale/disposal of the company's material subsidiaries Centum Electronics UK Limited and Centum T&S Group S.A. France (along with their subsidiaries), was passed with 99.92% votes in favour (10,502,395 for vs 8,283 against). Total voting participation was about 71.3% of the 1.47 crore outstanding shares. Promoters (holding 69.1 lakh shares) voted unanimously in favour across all resolutions.
The most significant outcome is shareholder approval to divest or restructure the company's UK and French subsidiaries, including possible cessation of control or sale of over 20% of assets of these material subsidiaries. This gives the board wide flexibility to exit or restructure European operations, which could lead to a one-time gain or loss depending on transaction value. The new independent directors strengthen board oversight. Stock price reaction will likely depend on the valuation and rationale of any eventual divestment deal.