IL&FS Engineering and Construction Company Limited has submitted the Exchange a copy of Srutinizers report of Postal Ballot along with a copy of minutes.
IL&FSENGG · price
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Awaiting price reaction for this filing.
IL&FS Engineering and Construction Company Limited has announced the results of a postal ballot conducted via electronic voting from December 6, 2025 to January 5, 2026. Two special resolutions were passed with overwhelming majority (over 99.999% in favor) for the re-appointment of Mr. Subrata Kumar Atindra Mitra and Dr. Jagadip Narayan Singh as Independent Directors for a second consecutive term of five years, effective January 15, 2026 to January 14, 2031. Out of 13,11,21,078 total equity shares, 5,55,32,975 shares voted for the first resolution with only 641 dissenting, and 5,55,32,978 shares voted for the second resolution with 544 dissenting. Promoters holding 5,54,00,884 shares (100% of their holding) voted in favor of both resolutions. CS Sabyasachi Panigrahi of M/s S Panigrahi & Associates served as the Scrutinizer and submitted the report on January 5, 2026.
This is a routine corporate governance filing confirming board continuity, with no material impact expected on the stock price. The near-unanimous approval, including full promoter support, signals strong shareholder confidence in the existing independent directors but reflects standard procedural compliance rather than a strategic development.