Gujarat Themis Biosyn Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
GUJTHEM · price
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Gujarat Themis Biosyn Limited has announced the results of its postal ballot conducted via remote e-voting from March 19 to April 17, 2026. Two resolutions were put to shareholders: (1) Re-appointment of Mrs. Kirandeep Madan as Non-Executive Women Independent Director (Special Resolution) - passed overwhelmingly with 99.996% votes in favour (79.33 million votes out of 79.33 million polled); (2) Approval of Material Related Party Transactions with Themis Medicare Limited (Ordinary Resolution) - passed narrowly with 52.56% in favour (13.94 lakh votes) vs 47.44% against (12.58 lakh votes). Notably, promoter group did not participate in the RPT vote, and public institutions voted against it significantly (98.47% against from institutional investors). Total voter turnout was 72.81% of outstanding shares.
The overwhelmingly passed director reappointment provides stability to the board. However, the closely contested RPT vote (only 5 percentage point margin) signals notable minority shareholder concerns about the related party transactions with Themis Medicare Limited, which may attract regulatory scrutiny and could create short-term stock price volatility.