Outcome of postal ballot along with scrutinizers report
FERMENTA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Fermenta Biotech conducted a postal ballot (April 3 to May 2, 2025) seeking shareholder approval for Material Related Party Transactions. Out of 13,266 members on record date (March 28, 2025), only 117 members cast votes representing 25,54,643 shares, which is just 8.68% of the total outstanding shares of 2,94,30,987. The resolution passed with overwhelming support — 99.94% of votes polled were in favour (25,53,134 shares) and only 0.06% were against (1,509 shares). Notably, the promoter and promoter group, who collectively hold 1,88,61,009 shares and are interested parties in this transaction, did not participate in voting. Voting was split between remote e-voting (3,27,755 shares from 74 members) and physical postal ballot (22,26,888 shares from 43 members), with the physical ballot voting unanimously in favour.
The approval paves the way for Fermenta Biotech to proceed with material related party transactions, clearing a routine regulatory hurdle. With near-unanimous support from voting shareholders, there is no governance concern from this outcome. Promoter abstention (due to being an interested party) was expected and in compliance with rules.