GTPL Hathway Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot and voting results.
GTPL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
GTPL Hathway Limited has announced the results of a postal ballot conducted via remote e-voting from May 1 to May 30, 2025, seeking shareholder approval for two resolutions. Both were ordinary resolutions related to material related party transactions (RPTs) — one for the company and one for its subsidiary — in which the promoter group is interested. Out of 11.24 crore total shares, about 95.58 lakh shares (8.50%) were voted. Both resolutions passed with overwhelming support: 99.96% in favour and just 0.04% against (3,918 dissent votes). Promoters holding 8.43 crore shares did not vote on the resolutions, while public institutional investors voted nearly unanimously in favour (100%), and public non-institutional voters approved with 97.17% support.
Shareholders have cleared the way for the company and its subsidiary to continue material related party transactions, likely with promoter-linked entities, with minimal opposition. Given the high approval margin and the routine nature of such annual RPT approvals, this is unlikely to move the stock price meaningfully, though investors should review the specific terms of the related party deals disclosed in the company's earlier notice.