Outcome of Postal Ballot
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India Finsec Limited (BSE: 535667) conducted a Postal Ballot (e-voting from May 23 to June 21, 2025) seeking shareholder approval for the reappointment of Mrs. Purva Mangal (DIN: 02816099) as a Non-Executive Independent Director for another term of five years. Out of 876 shareholders on record date (May 16, 2025), votes were polled on 94,33,558 shares representing 32.32% of the total 2,91,91,715 outstanding shares. The special resolution was passed with overwhelming support — 99.9978% of votes polled were in favour (94,33,348 shares) with only 210 shares (0.0022%) voted against. Promoter group voted 100% in favour while public non-institutions voted 99.99% in favour. Scrutinizer Sarita Singh & Associates confirmed zero invalid votes and the resolution was declared passed on June 23, 2025.
This is a routine governance announcement with no material business impact. Mrs. Mangal's continuation as Independent Director provides board stability for the next five years. The near-unanimous approval reflects strong shareholder confidence, though the low overall polling (32%) is notable and typical for smaller companies.