Gloster Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report.
GLOSTERLTD · price
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Gloster Limited announced the results of its Postal Ballot, with voting concluded on July 13, 2025. All four resolutions were passed with overwhelming shareholder support, each receiving over 99.99% votes in favor. The resolutions include the appointment of Shri Rajappa Shivalingappa as Director (99.9935% in favor) and as CEO & Whole-time Director with fixed remuneration (99.9934%). Additionally, Ms. Ishani Ray was re-appointed as Independent Woman Director for a second 5-year term (99.9929% in favor), and Shri Rohit Bihani was re-appointed as Independent Director for a second 5-year term (99.9928% in favor). Out of 9,025 shareholders on record date, 9,367,408 votes were polled, representing 85.60% of outstanding shares. The scrutinizer, Ms. Sweety Kapoor (Practicing Company Secretary), confirmed the results in her report dated July 14, 2025.
The near-unanimous approval of all resolutions reflects strong shareholder confidence in the company's leadership decisions. The new CEO appointment and re-appointments of independent directors provide governance continuity, which is generally viewed positively by investors and should have a neutral-to-positive sentiment effect on the stock.