Hindustan Media Ventures Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
HMVL · price
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Hindustan Media Ventures Limited (HMVL) declared the results of its postal ballot conducted via e-voting, with the last date of voting being June 2, 2025. All four resolutions were approved with the required majority. Three special resolutions approved the appointment of Vikas Agnihotri, Suchitra Rajendra, and Ruchira Kamboj as Independent Directors. One ordinary resolution approved the appointment of Manhar Kapoor as Non-Executive Non-Independent Director. Each resolution received over 99.97% votes in favor, with the promoter group (holding ~74.4% of shares) voting unanimously in support. Among public non-institutional shareholders, voting was split, with roughly 39-41% in favor and 59-60% against, though their participation was very low at just 0.12% of their holdings.
These are routine board appointments and are unlikely to materially affect the stock price. Minority shareholders showed some dissent, but the promoter group's overwhelming support ensured comfortable passage of all resolutions.