Minutes of the Resolutions passed by way of Postal Ballot by remote e-voting process
HERITGFOOD · price
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Awaiting price reaction for this filing.
Heritage Foods Limited has filed the minutes of a postal ballot conducted via remote e-voting, with results declared on May 2, 2025. Two special resolutions were put to shareholders: (1) appointment of Dr. Muddana Sambasiva Rao (DIN:01887410) as a Director, and (2) his appointment as Whole-time Director (WTD) and Key Managerial Personnel for a 5-year term from April 1, 2025 to March 31, 2030, along with remuneration. Both resolutions were overwhelmingly approved — 99.86% in favor for his directorship (5,72,62,287 votes) and 99.87% in favor for his WTD appointment (5,72,70,612 votes). E-voting ran from April 2 to May 1, 2025, with 1,36,584 members eligible to vote. Promoter and promoter group (holding 38,327,742 shares) voted 100% in favor of both resolutions.
This is a routine corporate governance filing confirming shareholder approval for a key leadership appointment. Overwhelming approval (nearly unanimous) signals strong shareholder confidence and continuity in management, with no likely material impact on the stock price.