CESC Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
CESC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CESC Limited declared the results of a postal ballot conducted via remote e-voting from February 28 to March 29, 2026. Three special resolutions were put to shareholders: 1. Appointment of Mr. Umang Kanoria as Non-Executive Independent Director — passed with 92.49% votes in favor (1,056,773,233 shares) and 7.51% against. 2. Re-appointment of Mr. Debanjan Mandal as Non-Executive Independent Director — passed with 84.47% in favor and 15.53% against; notably, public institutions (FIIs/DIIs) showed significant dissent with 39.31% voting against. 3. Approval for loans/advances under Section 185 of the Companies Act, 2013 — passed with overwhelming 99.88% support. All resolutions cleared the required majority. Total votes polled represented about 86% of outstanding shares.
All three resolutions have been approved, so there is no negative outcome for shareholders. The strong majority for the Kanoria appointment and Section 185 loans resolution suggests broad shareholder confidence in management's proposals. However, the 15.53% opposition and institutional dissent on the Mandal re-appointment may signal some governance concerns among large investors worth monitoring.