Gland Pharma Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
GLAND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gland Pharma Limited's shareholders have approved the reappointment of Ms. Naina Lal Kidwai as an Independent Director through a postal ballot via remote e-voting. The special resolution was passed with overwhelming support — out of ~14.94 crore votes cast, 94.18% were in favour (14.07 crore votes) while 5.82% were against (86.97 lakh votes). Promoter and promoter group voted unanimously in favour (100%), while public institutions approved at 86.42%. The company also sought approval to pay her commission on profits as remuneration.
The reappointment of a senior independent director like Naina Lal Kidwai is a routine governance step and signals board stability. The near-unanimous approval from all shareholder categories is positive for the company's governance standing.