FDCBSEFDC LtdMediumNeutral
Announced Thu, 28 May · 18:01 IST

Please find attached the outcome of Postal Ballot

Management Changes View source PDF

FDC · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-7.6%1-day move
₹422.00
prior close
₹429.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-3.5-4.6-5.6-4.3-7.6-6.1-5.4-4.6-9.7-6.6-7.5-0.9
Up moveDown movePending
AI summary

FDC Limited's shareholders have approved the appointment of Mr. Kishore Mukund Saletore (DIN: 01705850) as an Independent Director through a Postal Ballot conducted via remote e-voting from April 28 to May 27, 2026. The Special Resolution was passed with an overwhelming majority of 99.77%, with 127.48 million votes in favor and only 292,160 votes against out of 127.77 million total votes polled. Promoter and public institutional shareholders also largely supported the resolution. The scrutinizer, Mr. Sanjay Dholakia of M/s. Sanjay Dholakia & Associates, confirmed the resolution was passed with the requisite majority under the Companies Act, 2013.

Likely market impact

The appointment strengthens FDC Limited's Board with an independent director, bringing additional expertise and maintaining compliance with board composition requirements. The near-unanimous approval signals shareholder confidence in the new director's appointment.