Submission of voting results for the postal ballot (E voting).
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Everest Organics Limited announced the results of a postal ballot (via remote e-voting) conducted from November 17 to December 16, 2025. Three special resolutions were passed with overwhelming shareholder approval of 99.99% (743,535 votes in favour vs. just 57 against). The resolutions approved: (1) the appointment of Mr. Venkata Satya Subbarao Pachigolla (DIN: 08363668) as a new Whole-Time Director (Executive Director) effective November 12, 2025; (2) the re-designation of Mr. Kirankumar Rampally from Non-Executive Non-Independent to Non-Executive Independent Director; and (3) the re-designation of Mr. Prasad Venkata Satya Sundara Srikakolapu from Non-Executive Independent to Non-Executive Non-Independent Director. Only 7.66% of outstanding shares were polled, with the promoter group (holding ~60% of shares) abstaining from voting.
A new Executive Director joins the management team, which may strengthen operational leadership, while the re-designation of one director from Independent to Non-Independent reduces the number of independent directors on the board — something minority shareholders should monitor for governance implications.