Please find enclosed the outcome of Postal Ballot
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Awaiting price reaction for this filing.
Hind Aluminium Industries Ltd conducted a Postal Ballot between February 5 and March 6, 2026, seeking shareholder approval for a Material Related Party Transaction with Nirav Commercials Limited. The resolution was passed by shareholders on March 6, 2026. Of the 63,00,200 total outstanding shares, only 3,10,949 shares (4.94%) were polled — promoters holding 41,90,670 shares did not vote since they are interested in the transaction. Among the public shareholders who voted, 1,79,788 votes (57.82%) were in favour and 1,31,161 votes (42.18%) were against the resolution. The Scrutinizer's Report confirms the resolution was passed with the requisite majority.
Shareholders approved the related party deal, though voting turnout was low and a notable 42% of participating public shareholders voted against it, which may raise governance concerns among retail investors. Promoters abstaining from voting (as interested parties) means the outcome was decided entirely by public shareholders.