HPL Electric & Power Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
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HPL Electric & Power Limited has filed the voting results and scrutinizer's report for a postal ballot held to approve the appointment of Mr. Ajit Sood (DIN: 08458007) as an Independent Director. The e-voting period ran from June 03 to July 02, 2025. Out of 1,44,328 shareholders on record date, 4,68,41,284 shares were polled (72.85% of outstanding shares), with 99.9983% voting in favor and just 786 shares (0.0017%) against. Promoters voted 100% in favor with all 4,67,18,829 of their shares. Public institutions also voted entirely in favor, while public non-institutions voted 98.09% in favor. The special resolution was passed with overwhelming shareholder support.
The appointment of Mr. Ajit Sood as Independent Director is now formally approved, strengthening the board composition. Given the near-unanimous approval and lack of any meaningful dissent, this is a routine governance event with no expected material impact on the stock price.