Please find enclosed the scrutinizer''s report for Postal Ballot
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Hind Aluminium Industries has submitted the voting results of a Postal Ballot conducted between February 5 and March 6, 2026. The single resolution was to approve a Material Related Party Transaction between the company and Nirav Commercials Limited. Out of 6,300,200 total outstanding shares, only 310,949 shares (4.94%) were voted, indicating very low shareholder participation. Promoters and promoter group (holding 4,190,670 shares) did not vote as they are interested in the transaction. Among the 30 public shareholders who voted (310,949 shares), 57.82% voted in favour and 42.18% voted against. The resolution was passed with the requisite majority as an Ordinary Resolution.
The related party transaction has been approved, allowing the company to proceed with the deal with Nirav Commercials Limited. However, the extremely low voting turnout (under 5% of total shares) and the fact that over 42% of votes polled were against the resolution may raise governance concerns among retail investors about related-party dealings.