E-voting Result and Scrutinizer''s Report on Postal Ballot.
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Choksi Asia Limited (BSE: 530427) announced the results of its Postal Ballot conducted via remote e-voting, which closed on May 25, 2025. All five resolutions were passed with near-unanimous approval — 2,81,821 valid votes were polled, of which 99.9975% (2,81,814 shares) were in favour and just 7 shares voted against. The resolutions covered: (1) approval of remuneration for MD Samir Choksi, (2) approval of remuneration for Whole-time Director Jay Choksi, (3) related party transaction with Samir Choksi, (4) related party transaction with Jay Choksi, and (5) change in the Main Object Clause of the company. Promoters holding ~62.2% (24,26,784 shares) abstained from voting on the director-related resolutions in which they were interested, leaving public non-institutional shareholders to decide — and they voted overwhelmingly in favour.
This is a routine procedural filing with no negative implications. All resolutions passed with overwhelming public shareholder support (100% among those who voted), reflecting strong backing for management's proposals. Shareholders should note the Main Object Clause change (Resolution 5), which signals a potential pivot or expansion in the company's business activities.