Announced Thu, 23 Jul · 13:19 IST
Postal ballot approves higher pay for related party Ms. Meera Doshi
Management Changes View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.0%1-day move
₹575.20
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-0.0-1.8-0.4———————
Up moveDown movePending
AI summary
Coral Laboratories passed a postal ballot to increase remuneration and facilities for Ms. Meera Doshi, who holds an office or place of profit. Promoters were declared interested in the resolution. Only 155,089 shares were voted (15.24% of public non-institutional holdings), with 63.39% in favour and 36.61% against. The promoter group held 25,54,804 shares but did not vote at all.
Likely market impact
Related-party remuneration increase passed, but about 37% dissent and very low public participation may raise minor governance concerns.