IL&FS Engineering and Construction Company Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
IL&FSENGG · price
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IL&FS Engineering and Construction Company Limited conducted a postal ballot through remote e-voting between 6th December 2025 and 5th January 2026, with results declared on 5th January 2026. Two special resolutions were passed with overwhelming majority: re-appointment of Mr. Subrata Kumar Atindra Mitra (DIN: 00029961) and Dr. Jagadip Narayan Singh (DIN: 00955107) as Independent Directors for a second term of 5 consecutive years, effective 15th January 2026 to 14th January 2031. For Mr. Mitra, out of 5,55,32,975 total votes cast, 5,55,32,334 voted in favour and only 641 voted against. For Dr. Singh, out of 5,55,32,978 total votes cast, 5,55,32,434 voted in favour and only 544 voted against. M/s S Panigrahi & Associates acted as the scrutinizer for the process. Both resolutions passed comfortably as special resolutions.
The continuity of both Independent Directors for another 5-year term is positive for board stability and governance. The near-unanimous shareholder approval (over 99.99% in favour) signals strong investor confidence in the existing board composition, with minimal dissent.