Outcome of Postal Ballot along with Scrutinizer's Report w.r.t. reappointment of Mr. Balaji Srinivasan as Executive Director and Chief Technology Officer of the Company and approval of the remuneration payable to him
DREAMFOLKS · price
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Dreamfolks Services Limited conducted a postal ballot (via remote e-voting) from February 24 to March 25, 2026, seeking shareholder approval for the reappointment of Mr. Balaji Srinivasan (DIN: 03512187) as Executive Director and Chief Technology Officer, along with his remuneration. Out of a total of 3,52,74,288 valid votes polled, 99.95% (3,52,58,357 votes) were cast in favor of the special resolution, with only 0.05% (15,931 votes) against. Promoter and promoter group voted 100% in favor (3,50,07,232 shares), while public non-institutions voted 94.03% in favor. The scrutinizer, Mr. Deepak Kukreja of DMK Associates, confirmed the resolution was passed with the requisite majority.
Mr. Balaji Srinivasan's continuation as Executive Director and CTO is confirmed, providing stability in the company's technology leadership. The overwhelming shareholder approval (99.95%) signals strong confidence in the management, with minimal dissent — a routine corporate governance outcome with no material impact expected on the stock price.