CG Power and Industrial Solutions Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
CGPOWER · price
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CG Power announced the results of a Postal Ballot for the re-appointment of Mr. Sriram Sivaram (DIN: 01070444) as a Non-Executive Independent Director, which was conducted via e-voting from 4th February to 5th March 2026. Out of 1,57,48,92,609 total outstanding shares, 1,27,65,07,127 shares (81.05%) were polled. Of the votes cast, 98.60% (1,25,86,33,227 shares) were in favour and only 1.40% (17,87,390 shares) were against the resolution. The scrutinizer M/s. P Mehta & Associates confirmed the resolution was passed with the requisite majority. Results were declared on 6th March 2026 and the special resolution has been carried.
Shareholders have strongly endorsed the re-appointment of Mr. Sriram Sivaram as an Independent Director, with near-unanimous support from both promoters (100% in favour) and public shareholders. This ensures continuity on the board and signals confidence in the current governance setup, with no material dissent to cause concern for the stock.