Postal Ballot Scrutinizer''s Report
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Divyashakti Limited has submitted the Postal Ballot Scrutinizer's Report to BSE, confirming that the Special Resolution for the re-appointment of Mr. Ramakrishna Prasad Musunuri (DIN: 01781225) as an Independent Director of the Company has been passed with the requisite majority. The remote e-voting conducted through NSDL was open from 8th March 2025 to 6th April 2025, with 584 members participating. Out of the total valid votes cast, 6,507,427 votes (99.99%) were in favour of the resolution, while only 13 votes (0.01%) were against it, with no invalid votes. The scrutinizer, CS Puttaparthi Jagannatham (Corporate Advocate, Hyderabad), confirmed the voting process was fair and transparent. The Board approval was signed by Managing Director Hari Hara Prasad Nallapati on 7th April 2025.
The re-appointment of Mr. Ramakrishna Prasad Musunuri as Independent Director is approved with overwhelming shareholder support (99.99% in favour), ensuring continued board stability and compliance with SEBI's independent director requirements. The near-unanimous approval reflects strong shareholder confidence and is unlikely to have any material impact on the stock price.