Outcome of Postal Ballot Notice Dated April 10, 2026.
CHOICEIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Choice International Ltd has announced the results of its postal ballot conducted via e-voting from April 11 to May 10, 2026. Two special resolutions were passed with the requisite majority. Resolution 1 approved the appointment of Mrs. Barnali Mukherjee as Non-Executive Independent Director with near-unanimous support (99.999% in favor). Resolution 2 approved granting loans, providing guarantees, and making investments exceeding limits under Section 186 of the Companies Act, 2013, passing with 97.95% in favor. Notably, institutional investors showed significant opposition to Resolution 2, with 96.99% of their votes against it, though promoters and retail shareholders voted overwhelmingly in favor. The resolutions are deemed approved as of May 10, 2026.
The appointment of an independent director strengthens board governance. The passing of Resolution 2 gives the company flexibility to make larger loans, guarantees, and investments, which could support future business expansion but also increases exposure to related-party transaction risks.