Outcome of Postal Ballot
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Goenka Business & Finance Ltd conducted a postal ballot to seek shareholder approval for two special resolutions: the re-appointment of Mr. Darshil Hemendrakumar Shah (DIN: 09013533) and Mr. Nigambhai Govindbhai Sathavara (DIN: 09016786) as Independent Directors for a second 5-year term. E-voting was open from December 23, 2025 to January 21, 2026, with the cut-off date being December 19, 2025 (14,089 shareholders on record). Both resolutions passed with the same outcome: 96.48% of valid votes in favour (2,416,292 shares) and 3.52% against (88,170 shares). Promoters voted unanimously in favour with their full holding of 1,938,000 shares, while only about 5.12% of public non-institutional shares participated in voting. Scrutinizer Aanal Satyawadi (M/s Aanal Satyawadi & Co.) certified the results on January 23, 2026.
This is a routine corporate governance matter ensuring board continuity with both independent directors retained for another 5-year term. The overwhelming shareholder approval (over 96% in favour) signals strong confidence in the current board, and no material impact on the stock price is expected.