Independent Director appointment approved via postal ballot

Management Changes View source PDF Explain this filing

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AI summary

Shareholders approved both special resolutions via postal ballot. Mr. Baldev Krishan Bassi (DIN 02646214) appointed as Non-Executive Independent Director. Resolution 1: 334.71 million votes in favor (99.95%), 169,604 against. Resolution 2 (continuation above age 75): similar 99.95% approval. Out of 46,895 shareholders on record, 111 voted via e-voting. Scrutinizer Rajeev Bhambri confirmed results on August 30, 2026.

Likely market impact

Routine addition of an independent director strengthens board oversight. No material change in business or shareholder value expected.