Declaration of Results of Postal Ballot through remote e-voting with the Scrutinizer''s Report.
DENORA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
De Nora India Ltd has completed a postal ballot for shareholder approval of a Material Related Party Transaction with its parent company, Industrie De Nora S.p.A., Italy. The resolution was passed as an Ordinary Resolution on April 30, 2026, with 99.99% shareholder approval (49,000 votes in favour vs 6 against). Voter turnout was low at 0.92% of total outstanding shares. Promoter group held 2.85 million shares but did not participate in voting, while 337 institutional votes and 48,669 non-institutional votes were cast. The scrutinizer, Rakhee Raghunath Malkarnekar, confirmed the validity of the voting process on May 2, 2026.
The approval of this material related party transaction with Industrie De Nora S.p.A. (likely the parent/ultimate holding company) ensures continued business dealings between the entities. The very low voter turnout and zero promoter participation may raise minor governance questions, though the resolution passed overwhelmingly among participating shareholders.