Voting Results along with Scrutinizer Report of the Postal Ballot
ESTER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ester Industries Ltd conducted a postal ballot (remote e-voting) from 24 April to 23 May 2026 with two resolutions. Resolution 1 (Ordinary) re-designated Mr. Arvind Singhania from Managing Director (Chairman & CEO) to Non-Executive, Non-Independent Chairman — passed with 99.83% votes in favour (8.2 million votes) vs 0.17% against (14,154 votes). Resolution 2 (Special) approved revision in remuneration of Whole-time Director Mr. Ayush Vardhan Singhania — passed with 99.30% votes in favour (8.16 million votes) vs 0.70% against (57,729 votes). Both resolutions excluded promoter group votes due to interest. Total voter turnout was low at ~8.42% of outstanding shares.
The re-designation of the CEO to a non-executive role signals a change in leadership structure, which may impact company governance and strategy execution. The remuneration revision for the Whole-time Director, also from the promoter family, indicates continued alignment of executive incentives with company performance.