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
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ester Industries Limited has announced the results of its Postal Ballot conducted via remote e-voting from April 24 to May 23, 2026. Two resolutions were passed: (1) Ordinary Resolution for re-designation of Mr. Arvind Singhania from Managing Director (designated as Chairman and CEO) to Non-Executive, Non-Independent Chairman, passed with 99.83% votes in favour (82,06,665 votes against 14,154). (2) Special Resolution for revision in remuneration of Mr. Ayush Vardhan Singhania, Whole-time Director, passed with 99.30% votes in favour (81,59,660 votes against 57,729). The turnout was low at approximately 8.4% of total shares (82,20,819 out of 9,75,86,191). Both resolutions show promoter/promoter group were interested parties.
The re-designation of the CEO to Non-Executive Chairman marks a significant governance change. Shareholders have approved the remuneration revision for the Whole-time Director, indicating continued confidence in the management. The low voter turnout suggests limited retail investor participation in the decision-making process.