Postal Ballot - Scrutinizer''s Report and Outcome.
EPIGRAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Epigral Ltd has successfully completed a postal ballot for re-appointing three Non-Executive Independent Directors for second terms of 5 years each, effective May 20, 2026. All three special resolutions were passed with requisite majorities: Mr. Sanjay Asher (95.35% in favour), Mr. Kanubhai Patel (99.98% in favour), and Mr. Raju Swamy (96.09% in favour). Notably, Public Institutional investors showed significant opposition: 55.52% voted against Sanjay Asher's re-appointment and 46.57% voted against Raju Swamy's re-appointment, though both resolutions passed due to full promoter support (100%). The voting period ran from April 20 to May 19, 2026, with 66.59% of total shares participating.
The passage of these resolutions maintains board stability and continuity of independent oversight. However, the substantial institutional opposition to two of the three directors may raise concerns among shareholders about potential underlying governance issues or performance concerns that institutions found objectionable.