Voting Result and Scrutinizer''s Report of Postal Ballot
Price
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Awaiting price reaction for this filing.
Forbes Precision Tools and Machine Parts Ltd conducted a postal ballot to seek shareholder approval for payment of commission to Non-Executive Directors through a Special Resolution. The voting period ran from May 15, 2025 to June 13, 2025, with 14,529 shareholders on record as of the May 9, 2025 cut-off date. Out of 5.16 crore total shares, 3.83 crore shares (74.19%) were voted, with an overwhelming 99.99% voting in favour and just 0.01% (4,484 shares) against. Promoters voted 100% in favour (3.81 crore shares), while public institutional and non-institutional participation was very low at 2.40% and 0.36% respectively. The Special Resolution has been deemed passed as of June 13, 2025.
The resolution is purely procedural and pertains to director remuneration, so it carries minimal stock price impact. However, the extremely low public shareholder turnout means retail investors should track how this commission outflow affects future expense ratios and profitability.