Dhampur Bio Organics Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
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Dhampur Bio Organics Limited has announced the results of its postal ballot conducted from April 5, 2025 to May 4, 2025, with 10 of 11 special resolutions approved by shareholders. Out of 50,719 total shareholders holding 6.64 crore shares, about 51% of shares were voted. The most notable outcome is the rejection of the proposal to change the company's name, which failed because 76.48% of public non-institutional votes were cast against it, while the promoter group did not vote on this resolution. The 'DBO Employee Stock Option Scheme 2025' and its related trust-route funding mechanism were approved, with over 94% support from public shareholders. Amendments to managerial remuneration of Chairman Mr. Vijay Kumar Goel and MD & CEO Mr. Gautam Goel were also approved, along with the re-appointment of five independent directors.
Shareholders have given a clear thumbs-down to the proposed name change, signaling dissatisfaction with the rebrand, while broadly supporting the ESOP plan and management continuity. The ESOP approval may lead to some equity dilution over time but aligns employee interests with shareholders. Stable board composition is expected, which may provide continuity in strategy execution.