IIFL Capital Services 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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IIFL Capital Services Limited has filed the Scrutinizer's Report and voting results of a Postal Ballot held to approve the appointment of Mr. R. Venkataraman (DIN: 00011919) as Managing Director of the company. Out of 79,834 shareholders as on the cut-off date of May 2, 2025, 343 shareholders cast their votes via remote e-voting between May 8 and June 6, 2025. The resolution was passed with overwhelming support, with 20,67,86,581 votes (99.18%) in favour and only 17,08,796 votes (0.82%) against. Promoter group holding 14,41,05,469 shares voted 100% in favour of the appointment.
The appointment of Mr. R. Venkataraman as Managing Director has been formally approved by shareholders, providing leadership continuity at the company. With near-unanimous shareholder support, this is unlikely to have any negative impact on the stock and signals stability in top management.