Indef Manufacturing Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
BAJAJINDEF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Indef Manufacturing Limited conducted a postal ballot for shareholders to vote on a special resolution to revise the remuneration of Managing Director Shri Amit Bhalla. The e-voting period ran from April 16, 2026 to May 15, 2026. Out of 32 million total shares, 22.8 million votes were cast (71.27% turnout). The resolution passed with overwhelming support of 99.99%, with 22,803,775 votes in favor and only 1,738 votes against. Promoter and institutional shareholders voted 100% in favor, while public non-institutional shareholders showed 94.1% approval. The scrutinizer certified the resolution as passed with the requisite majority.
The approval of higher remuneration for the Managing Director is a routine governance matter with minimal shareholder opposition. This may slightly increase administrative costs but signals board confidence in leadership and is unlikely to impact the stock negatively.