HLV LIMITED has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
HLVLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
HLV Limited (the company behind The Leela hotels) concluded a postal ballot via e-voting on March 19, 2026, seeking shareholder approval to re-appoint Mr. Ashok Girdharidas Rajani (DIN: 00267748) as a Non-Executive Independent Director for a 5-year term from March 30, 2026 to March 29, 2031. The special resolution was passed with overwhelming majority - 99.96% of votes polled (258.47 million shares) were in favour versus just 0.04% against (91,383 votes), out of a total 258.56 million shares voted (39.22% of outstanding shares). The promoter group voted 100% in favour (257.6 million shares), public institutions polled 2.84% with 100% in favour, while public non-institutions showed lower turnout at 0.16% with 85.80% in favour and 14.20% against. Scrutinizer RAAM & Associates LLP certified the resolution was passed with the requisite majority, and results have been uploaded on the company website and NSDL portal.
This is a routine corporate governance matter with near-unanimous shareholder approval (99.96% in favour), signalling strong support from promoters and institutional investors. No material negative signal for the stock; the reappointment ensures board continuity with no expected price impact.