Ester Industries Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
ESTER · price
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Ester Industries Limited conducted a postal ballot via e-voting from 28th May to 26th June 2025, with results announced on 27th June 2025. Two special resolutions were put to shareholders: (1) Re-appointment of Mrs. Padmaja Shailen Ruparel as Independent Director, which passed with 99.93% in favour (64,179,649 shares for vs 43,603 against), and (2) Appointment of Mr. Abhay Anant Gupte as Independent Director, which passed with 99.99% in favour (64,214,836 shares for vs 8,416 against). Promoters voted 100% in favour of both resolutions, casting 56,040,038 shares (91.55% of their holdings). Total participation was 65.81% of outstanding shares, with both resolutions clearing the required three-times threshold of votes in favour versus against.
Both director appointments are now formally approved, strengthening the board composition. The overwhelming approval (over 99.9% in favour) signals strong shareholder confidence in the board's choices, with negligible dissent from public shareholders.