DPSC Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
DPSCLTD · price
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Awaiting price reaction for this filing.
DPSC Limited (now known as India Power Corporation Limited) has disclosed the results of a postal ballot conducted via remote e-voting that closed on June 26, 2025. Two special resolutions were passed with overwhelming shareholder approval. Resolution 1 approved the appointment of Ms. Pragya Jhunjhunwala (DIN: 02315132) as an Independent Director for a 5-year term starting April 1, 2025, with 99.9981% votes in favor (388,332,403 votes) and only 7,514 against. Resolution 2 approved the transfer of the company's Non-Regulated Business through a slump sale under Section 180(1)(a) of the Companies Act, 2013, with 99.9977% votes in favor (388,330,036 votes) and 8,781 against. Of the 114,992 shareholders on the record date (May 23, 2025), 276 members participated in the voting. M.R. Goenka of MR & Associates served as the scrutinizer for the process.
The near-unanimous approval signals strong shareholder confidence in the board and the proposed slump sale of the Non-Regulated Business. This restructuring move could unlock value or sharpen the company's focus on its core regulated power business, and may attract investor attention in the short term.