Hindalco Industries Limited has informed the Exchange about voting and scrutinizer's Report dated June 27, 2025
HINDALCO · price
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Hindalco Industries has declared the results of its postal ballot conducted from May 29, 2025 to June 27, 2025, with all five resolutions passed by shareholders. The resolutions relate to approval of material related party transactions: with Essel Mining & Industries Limited (92.93% in favour), with Grasim Industries Limited (99.99% in favour), between Novelis Corporation and Logan Aluminum Inc (99.99% in favour), between Novelis Korea Limited and Ulsan Aluminum Limited (99.67% in favour), and between Novelis Deutschland GmbH and Aluminium Norf GmbH (99.99% in favour). Promoters did not vote on resolutions where they had an interest. Out of 7,28,699 shareholders on the record date (May 23, 2025), approximately 53% of total outstanding shares participated in voting. The scrutinizer's report was issued by M/s Dilip Bharadiya & Associates confirming the e-voting process was conducted fairly and transparently.
All related party transactions have been formally approved by shareholders, allowing Hindalco to continue regular business operations with group companies and subsidiaries. The strong approval margins (over 92% in all cases) indicate broad shareholder support for these corporate transactions, with no material dissent that could affect stock sentiment.