Please find the enclosed outcome of the Postal Ballot notice dated 28th January along with the Scrutinizer''s Report.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Garbi Finvest Ltd announced the results of its Postal Ballot (Notice dated January 28, 2026) on March 5, 2026, in which all three proposed resolutions were rejected by shareholders. The resolutions sought the appointment of Mr. Rakesh Agarwal and Mrs. Preeti Vijayvargia as Independent Directors and Mr. Deepak Vishwakarma as Director. Of the 1,049,563 shares voted via remote e-voting (Feb 1 – Mar 2, 2026), only 14,956 shares (1.42%) were cast in favour while 1,034,607 shares (98.58%) were cast against. The promoter group, holding 1,026,000 shares, voted entirely against the resolutions, while public non-institutional shareholders were split (63.47% in favour, 36.53% against). The scrutinizer, Geeta Roy Chowdhury of S.R. & Associates, certified the results.
The company cannot onboard any of the three proposed directors and will likely need to re-propose or withdraw the appointments. The overwhelming rejection, driven entirely by the promoter group despite promoters not being declared 'interested,' raises governance concerns and signals internal disagreement on board composition.