Gujarat Alkalies and Chemicals Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
GUJALKALI · price
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Gujarat Alkalies and Chemicals Limited conducted a postal ballot to seek shareholder approval for appointing Shri Sanjay Joshi (DIN: 01656787) as an Independent Director of the company. Voting was open from 20 February 2026 to 21 March 2026 via remote e-voting through CDSL, with 69,931 shareholders on record. Out of 4,08,16,630 total votes polled (55.58% of outstanding shares), an overwhelming 99.99% (4,08,13,426 votes) were cast in favour, with only 3,204 votes (0.01%) against. The resolution was passed as a Special Resolution with the requisite majority on 21 March 2026. M/s. Samdani Shah & Kabra served as the scrutinizer for the process.
This is a routine governance update and reflects strong shareholder confidence in the new independent director appointment. The near-unanimous approval (99.99%) is unlikely to have any material impact on the stock price, though it strengthens the independence of the company's board.