With reference to the conclusion of the postal ballot e-voting on 04.05.2025 at 5 PM, please find enclosed the following:- 1. Voting Results 2. Report of Scrutinizer dated 04.05.2025 3. ....
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Challani Capital Limited announced the results of a postal ballot concluded on May 4, 2025. The single special resolution was the re-appointment of Shri Padam J Challani (DIN: 00052216) as Managing Director for a further 3-year term starting April 1, 2025, without any remuneration. Out of 15,000,000 total outstanding shares, 10,609,697 shares (70.73%) were polled, with 100% of votes cast in favour and zero against. Promoter group polled 94.30% of their holdings, while public non-institutions polled just 1,473 shares (0.04% of their holding). The company has 2,604 shareholders on record as of the March 31, 2025 cut-off date.
Leadership continuity is confirmed with the promoter-family MD re-appointed for 3 years at zero remuneration, which is cost-positive for the company. The unanimous approval reflects strong promoter control, though very low public shareholder participation (0.04%) is notable. Minimal share-price impact expected as the outcome was largely anticipated.