Centum Electronics Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
CENTUM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Centum Electronics has announced the results of its postal ballot conducted via remote e-voting between June 3 and July 2, 2025. Four special resolutions were passed by shareholders, with 67.07% of outstanding shares (98,64,027 votes out of 1,47,07,152 shares) participating. The resolutions include the re-appointment of Mr. Apparao V Mallavarapu as Chairman and Managing Director (99.35% in favour), his continuation as CMD beyond age 70 (100% in favour), appointment of Dr. Udayant Malhoutra as Independent Director (100% in favour), and re-designation of Mr. Nikhil Mallavarapu as Joint Managing Director (100% in favour). All four resolutions were passed with the requisite majority, with only 64,249 votes cast against the first resolution and just 63 against each of the remaining three. The Scrutinizer, S.P. Nagarajan, confirmed the voting process was fair and transparent.
This is a routine corporate governance update confirming leadership continuity, with all resolutions approved by an overwhelming majority of voting shareholders. The re-appointment of the existing CMD and elevation of his son to Joint MD suggest stable management, which is generally neutral to mildly positive for shareholders, though no material business impact is expected.