Results of Postal Ballot Notice dated 22nd May 2025
GRASIM · price
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Grasim Industries announced postal ballot results on 27th June 2025, with all five resolutions approved by shareholders through remote e-voting held from 28th May to 26th June 2025. Mr. Himanshu Kapania (DIN: 03387441) was appointed as Director with 94.21% votes in favor and as Managing Director with 95.22% in favor. Shareholders also approved payment of remuneration to Mr. Harikrishna Agarwal (DIN: 09288720), the former Managing Director, with 98.89% support. Material related party transactions with Hindalco Industries Limited and AV Group NB Inc., Canada were approved with 99.82% votes in favor each. Promoter group did not vote on the Hindalco and AV Group RPT resolutions as they are interested parties, while public institutions and non-institutions showed overwhelming support.
The appointment of Mr. Himanshu Kapania as the new Managing Director marks a key leadership transition at Grasim Industries, succeeding former MD Harikrishna Agarwal. Overwhelming shareholder approval across all resolutions signals strong confidence in management continuity and the company's related party transactions within the Aditya Birla Group.