Five-Star Business Finance Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
FIVESTAR · price
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Five-Star Business Finance Limited conducted a postal ballot via remote e-voting from February 20 to March 21, 2026, and shareholders approved both special resolutions with overwhelming majority. Resolution 1, the appointment of Ms. Rajeshwari Shankar as a Non-Executive Independent Director for a five-year term (Feb 2, 2026 to Feb 1, 2031), was passed with 99.53% votes in favour (22.91 crore shares), with only 0.47% dissenting. Resolution 2, the re-appointment of Mr. Srinivasaraghavan Thiruvallur Thattai as a Non-Executive Independent Director for a second five-year term (Aug 25, 2026 to Aug 24, 2031), was passed with 99.24% in favour (22.85 crore shares). Overall voting participation was strong at 78.16% of total shares, and the scrutinizer Mr. S Sandeep confirmed both resolutions were passed with the requisite majority. The results were submitted to the exchanges on March 23, 2026.
Both resolutions received near-unanimous support from shareholders, reflecting strong confidence in the company's board and governance. The new and continuing independent directors will strengthen board oversight, though this is a routine governance matter with no material impact on stock price or business operations.