ESTERNSEEster Industries Limited· PackagingMediumNeutral
Announced Tue, 24 Mar · 13:03 IST

Ester Industries Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.

Board & Shareholder Meetings View source PDF

ESTER · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-1.9%1-day move
₹88.15
prior close
₹93.22
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.3-0.2-0.2-0.1-1.9-11.6-19.5-5.8-9.3-7.2+2.7+0.4+8.3+4.0
Up moveDown movePending
AI summary

Ester Industries has announced the results of a postal ballot (e-voting conducted from 20 Feb to 21 Mar 2026) covering five resolutions, all of which passed with overwhelming majority. Resolution 1 was a Special Resolution for re-appointment of Mr. Arvind Singhania as Managing Director, approved with 99.44% votes in favour (81.6 lakh shares for vs 45,660 against). Resolution 2 was a Special Resolution for re-appointment of Mr. Pradeep Kumar Rustagi as Whole-Time Director, approved with 99.98% in favour (66.3 lakh shares for vs 11,519 against). The remaining three Ordinary Resolutions approved material related party transactions with Ester Loop Infinite Technologies Pvt Ltd (99.46% in favour), Wilemina Finance Corporation (99.84% in favour), and Mr. Arvind Singhania (99.87% in favour). E-voting was facilitated through NSDL, and the Scrutinizer (Akash Jain, Practicing Company Secretary) confirmed all resolutions were duly passed with the requisite majority.

Likely market impact

All five resolutions passed comfortably, ensuring continuity of senior leadership and clearance of related-party transactions. This is a routine corporate governance update with no material adverse implications for shareholders; share price is unlikely to be meaningfully impacted.