Heritage Foods Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
HERITGFOOD · price
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Heritage Foods Limited has disclosed the results of a postal ballot conducted via remote e-voting from April 2, 2025 to May 1, 2025. Two special resolutions were put to shareholders: (1) the appointment of Dr. Muddana Sambasiva Rao (DIN:01887410) as a Director, and (2) his appointment as Whole-time Director for a 5-year term from April 1, 2025, along with his remuneration. Both resolutions were passed with overwhelming majority, with over 99.86% of votes cast in favour. Of the 1,36,584 shareholders on record, 447 participated in the e-voting. Promoters voted 100% in favour, while institutional and non-institutional public shareholders also supported the resolutions by wide margins. The Scrutinizer confirmed the results as valid and the resolutions as duly passed.
The appointment of Dr. Muddana Sambasiva Rao as Director and Whole-time Director for 5 years is now formally confirmed. This is a routine governance approval with near-unanimous shareholder support, suggesting no material concerns from investors. No significant impact on stock price is expected from this announcement.