Results of Postal Ballot
EFCIL · price
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EFC (I) Limited announced the results of its Postal Ballot, with all five resolutions passed with requisite majority on July 16, 2025. Two Special Resolutions approved the remuneration of Chairman & Managing Director Mr. Umesh Kumar Sahay (DIN: 01733060) and Non-Executive Director Mr. Abhishek Narbaria (DIN: 01873087), each receiving 97.53% votes in favour (around 6.42 crore shares). Three Ordinary Resolutions approved material related party transactions involving Whitehills Interior Limited and DC&T Global Private Limited, each receiving 92.01% votes in favour (around 1.83 crore shares). Notably, around 4.37 crore shares were declared invalid on each of the three RPT resolutions, likely from related parties abstaining as required. Voting was conducted via remote e-voting between June 17 and July 16, 2025, and scrutinised by Chirag Sachapara (Practicing Company Secretary).
Shareholders have cleared key governance items including executive remuneration and material related party transactions with group entities, giving the company clear authority to proceed. High approval margins (above 92%) on all resolutions signal broad investor support for management's proposals, though the large invalid vote pool on RPTs means promoter/related-party holdings did not participate in those votes.