Graphite India Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
GRAPHITE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Graphite India submitted the scrutinizer's report and voting results of a postal ballot conducted via remote e-voting between February 23 and March 24, 2026. Two resolutions were put to vote: (1) a Special Resolution to approve payment of commission to Non-Executive Directors, which passed with 96.49% votes in favor (14.94 crore shares for vs 54.43 lakh against), and (2) an Ordinary Resolution to increase the remuneration of Mr. Siddhant Bangur, which passed with 91.54% in favor (14.15 crore shares for vs 1.31 crore against). Promoters voted 100% in favor of both resolutions. However, public institutions were sharply split on the remuneration hike for Mr. Siddhant Bangur, with 48.19% voting against, while retail public shareholders backed it 92.38% in favor.
Both resolutions passed comfortably, with no governance or management disruption. The notable 8.46% dissent and almost half of public institutions voting against Mr. Bangur's pay hike signals some institutional investor discomfort with executive remuneration, though the resolution was still approved by the required majority.