Intimation of Postal Ballot Result dated 12.02.2026 purusant to Regulation 44(3) of SEBI LODR, Regulation, 2015
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Competent Automobiles Company Ltd conducted a postal ballot seeking shareholder approval for two ordinary resolutions regarding the appointment of Mr. Kamal Kant Kumar (DIN: 11366068). The first resolution appoints him as a Director liable to retire by rotation, and the second appoints him as Whole Time Director designated as Executive Director for a period of 5 years, both effective from 14th November 2025. Out of 61,46,000 total shares, 38,28,783 votes (62.30%) were polled, and both resolutions passed with 98.83% votes in favor and only 1.17% against. Promoter group voted unanimously in favor (37,78,680 shares), while public non-institutional participation was low at just 3.25%, with 89.28% of those polled voting against.
The appointment formalizes Mr. Kamal Kant Kumar on the board as an Executive Director for a 5-year term, providing leadership continuity. However, the notably low public participation (3.25%) and high dissent (89.28%) from public shareholders signals possible minority investor dissatisfaction with the appointment.