Deepak Fertilizers And Petrochemicals Corporation Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
DEEPAKFERT · price
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Deepak Fertilizers announced the results of its postal ballot on 28th June 2025 for the re-appointment of Mr. Sujal Anil Shah (DIN: 00058019) as an Independent Director of the company. Out of 79,142,704 votes polled (62.69% of outstanding shares), an overwhelming 78,119,831 votes (98.71%) were cast in favour of the special resolution, with only 1,022,873 votes (1.29%) against it. The promoter group, which held 57,598,775 shares, voted 100% in favour, while public institutions voted 95.23% in favour and public non-institutions voted 98.41% in favour. The scrutinizer Mr. Ashish Garg, Practicing Company Secretary, confirmed the resolution was passed with the requisite majority on 27th June 2025 (last day of e-voting).
The special resolution was approved with very strong shareholder support across all categories, signalling continued confidence in the company's governance and the independent director. This is a routine corporate governance approval and is unlikely to have a material impact on the stock price.