Announced Mon, 20 Jul · 22:40 IST
Postal Ballot: All 5 resolutions passed; new ID appointed
Management Changes View source PDF
GLAND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.8%1-day move
₹2458.20
prior close
₹2476.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.8-0.9-1.0-1.0-0.8-2.9-2.9-1.1——————
Up moveDown movePending
AI summary
Gland Pharma shareholders approved all 5 postal ballot resolutions. Mr. Udo Johannes Vetter was reappointed as Independent Director (86.9% in favour), Mr. William Robert Keller was newly appointed as Independent Director (99.1% in favour). Commission on profits approved for both directors, plus a revision for existing ID Mr. Essaji Vahanvati (99.2% in favour). Total 14.87 crore votes were polled out of 16.50 crore shares, a turnout of 90.2%.
Likely market impact
Routine governance exercise. New independent director onboarded. Public institutions showed notable dissent on Vetter reappointment at 32% against.