Scrutinizer''s Report for Postal Ballot ended on 28th May, 2026 is attached.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Cravatex Ltd's postal ballot for re-appointing Mr. Divakar G. Kamath as Executive Director and CFO has been completed successfully. The resolution was passed as a Special Resolution with overwhelming shareholder approval. Out of 20,70,295 valid votes cast, 97.92% (20,27,212 votes) were in favour and only 2.08% (43,083 votes) were against. The appointment is for 3 years starting April 1, 2026 till March 31, 2029, with remuneration up to Rs. 42.70 lakhs per annum. The e-voting was conducted through NSDL platform from April 29 to May 28, 2026.
The re-appointment ensures continuity in leadership. The strong 97.92% approval rate reflects shareholder confidence in the incumbent Executive Director and CFO. This is a routine governance matter with no immediate impact on stock price.