Please find attached Scrutinizer''s Report and Voting Results of the Postal Ballot conducted through remote e-voting system.
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 conducted a Postal Ballot via remote e-voting from May 1 to May 30, 2025, seeking shareholder approval for two ordinary resolutions on Material Related Party Transactions — one for the Company and one for its subsidiary. Both resolutions were passed with overwhelming majority: 99.96% of votes polled were in favour (95,54,121 shares) versus just 0.04% against (3,918 shares). Promoters held 8,43,47,278 shares but did not vote as they were interested parties; institutional public shareholders voted 100% in favour, while non-institutional public shareholders supported at 97.17%. Total voting turnout was 8.50% of paid-up equity capital, with 29,426 shareholders on record date.
Shareholders have greenlit the company's material related party transactions (and those of its subsidiary) by a near-unanimous margin, removing a governance hurdle. The high approval rate signals strong shareholder confidence, though promoter non-participation (due to being an interested party) is standard practice under company law.