Submission of Scrutinizer Report on Postal Ballot
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COSYN Limited has submitted the Scrutinizer's Report on the Postal Ballot conducted to approve the appointment of Mr. Srinivasu Uggirala (DIN: 01887291) as a Non-Executive Independent Director for a 5-year term effective May 15, 2025. Voting was carried out via remote e-voting between July 11, 2025 and August 09, 2025, on a total of 33,44,075 outstanding shares with 32,16,510 votes polled (around 96% participation). The resolution was passed with 97.47% votes in favour and just 2.53% against, though notably around 80.5% of public non-institutional votes were against the appointment. The Scrutinizer confirmed the process was fair and transparent.
The appointment of Mr. Srinivasu Uggirala as Independent Director is now formally approved. The overwhelmingly negative vote from public non-institutional shareholders (80.5% against) may signal minor retail dissent, but the promoter group's 100% support ensured easy passage, so this is unlikely to have any material impact on the stock price.