Deep Industries Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
DEEPINDS · price
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Deep Industries Limited has announced the results of its postal ballot conducted through remote e-voting from March 29 to April 27, 2026. Two special resolutions were passed with overwhelming shareholder approval. The first resolution approves alteration in the Memorandum of Association by amending the main object clause, indicating the company may be expanding or diversifying its business activities. The second resolution approves the appointment of Mr. Shalin Harshadbhai Patel as a non-executive independent director. Voting participation was 63.93% of total shares, with the first resolution passing with 99.9993% in favor (only 302 votes against out of 40.9 million votes polled).
The near-unanimous approval signals strong shareholder confidence. The memorandum amendment suggests potential business expansion or diversification, which could be positive for future growth prospects. The new independent director appointment strengthens corporate governance.