Voting Results and Scrutinizer''s Report on Postal Ballot Process through Remote E-Voting
FEDDERSHOL · price
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Fedders Holding Limited conducted a Postal Ballot via remote e-voting from April 9 to May 8, 2025, with three resolutions approved by shareholders. Resolution 1 (Ordinary): Regularisation of Mrs. Sonal Singhal as Non-Executive, Non-Independent Woman Director passed with 99.9955% votes in favor, though promoters abstained (their 9.25 crore shares were marked invalid). Resolutions 2 and 3 (Special): Appointment of Mr. Nihar Ranjan Satapathy and Mr. Nandan Mohanty as Non-Executive Independent Directors each passed with 99.9999% in favor, backed by promoter votes of ~9.25 crore shares. Total shareholders on record date were 8,530, with overall voting turnout at just 0.84% for Resolution 1 and 46.83% for Resolutions 2 and 3. Scrutinizer Chetna Bhola & Associates confirmed the results.
Routine board strengthening with the addition of two independent directors and regularisation of a woman director, in line with regulatory composition requirements. No material impact expected on stock price; the resolutions were largely procedural and passed with near-unanimous support.