Postal ballot: all 7 director appointments approved
ELITECON · price
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Elitecon International's postal ballot (remote e-voting) concluded on 18 Oct 2026 with all seven resolutions passed. Resolutions cover appointment of Vipin Sharma and Paramjeet Singh Gulati as Directors, Pradeep Kumar as Director and Managing Director, and Prachi Gupta (Woman Independent), Nisha, and Suraj Singh as Non-Executive Independent Directors. Each resolution got about 99.99 percent votes in favour. Promoters (95 crore shares) voted 100 percent in favour, while public non-institution shareholders showed low participation at around 0.43 percent, with roughly 94 to 96 percent in favour. Public institutions did not vote.
Board is reconstituted with new Managing Director and additional independent directors. Low retail voting turnout may signal limited minority shareholder engagement.