Submission of voting results for the postal ballot (E voting).
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.6 pts less than Nifty Microcap 250 and 3.5 pts less than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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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.