Result of Postal Ballot pursuant to Regulation 44 of the SEBI ( LODR) regulations 2015 along with Scrutinizer Report.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Haryana Leather Chemicals Ltd concluded a postal ballot (e-voting) held from April 19 to May 18, 2025, with results declared on May 19, 2025. Two resolutions were put to shareholders: (1) re-appointment of Mr. Pankaj Jain (DIN: 00206564) as Managing Director for 5 years (April 2, 2025 to April 1, 2030) as an Ordinary Resolution, and (2) approval of his remuneration for the same period as a Special Resolution. Both resolutions passed with overwhelming support — 98.21% of votes cast in favor (1,091,720 shares from 37 members) and only 1.79% against (19,934 shares from 4 members). Only 22.64% of total paid equity capital participated in voting, with the promoter group voting 100% in favor while public non-institutional holders voted 87.28% against.
The re-appointment of Mr. Pankaj Jain as Managing Director is confirmed for the next 5 years, providing leadership continuity. However, retail/public shareholders showed significant dissent (87.28% of public non-institutional votes were against), which may reflect concerns about executive remuneration. The resolution passed easily due to the promoter's controlling stake, so there is no immediate impact on stock price, but the public dissent is a sentiment signal worth monitoring.