Submission of Voting results of Postal Ballot notice dated 04th July 2025 for the appointment of Mr. Srinivasu Uggirala as a Non Executive Independent Director of the Company
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COSYN Limited has announced the results of its postal ballot process conducted between July 11 and August 9, 2025, for the appointment of Mr. Srinivasu Uggirala (DIN: 01887291) as a Non-Executive Independent Director for a 5-year term effective May 15, 2025. Out of 5,029 shareholders on record, total votes polled stood at 32,16,510, representing 42.89% of outstanding shares. The resolution was passed with 97.47% of votes in favour and only 2.53% against it as a special resolution. Promoter group voted unanimously in favour with 31,15,325 votes (93.16% of outstanding shares), while public non-institutional shareholders showed mixed sentiment with 19,684 votes in favour versus 81,501 votes against.
The appointment strengthens the company's board with an additional independent director, which is positive for corporate governance. The overwhelming majority in favour suggests strong shareholder confidence in the appointment, though the notable dissent from public non-institutional shareholders (80.5% against from that category) is worth monitoring.