Postal Ballot - Voting Results and Scrutinizer''s Report.
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Gokak Textiles Ltd announced the results of a postal ballot conducted to seek shareholders' approval for one special business item: the appointment of Mr. Ganesan Rajamani (DIN: 07615445) as an Independent Director. The e-voting period ran from March 20, 2025 to April 18, 2025. Out of 64,99,308 total shares, 48,70,482 shares (74.94%) participated in the voting. Of the votes polled, 99.80% (48,60,856 votes) were in favour and only 0.20% (9,626 votes) were against the resolution. Promoter and promoter group voted 100% in favour with 47,80,845 shares, while public non-institutions showed 89.26% support and 10.74% dissent. The resolution was passed with the requisite majority.
Mr. Ganesan Rajamani has been formally appointed as an Independent Director on the board of Gokak Textiles Ltd, strengthening the board's composition. The near-unanimous approval indicates strong shareholder confidence in this appointment, with no meaningful opposition.