India Glycols Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
INDIAGLYCO · price
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India Glycols Limited has announced the voting results of its postal ballot concluded on 22nd July 2025, with all 5 special resolutions approved by shareholders. The key resolution was the sub-division/split of equity shares, which received 99.99% approval (1,96,14,651 votes in favour out of 1,96,16,180 polled). Other resolutions included adoption of new Memorandum of Association (99.99% in favour) and new Articles of Association (97.48% in favour). Shareholders also approved the re-appointment of Ms. Pragya Bhartia Barwale as Executive Director for 5 years (till June 2030) and Shri U.S. Bhartia as Chairman & Managing Director for 5 years (till March 2031), both with over 97% approval. Overall voting turnout was about 63.36% of outstanding shares (3,09,61,500 total shares).
The approved stock split will make shares more affordable and liquid for retail investors, often leading to positive short-term price action. The re-appointments of the Chairman/MD and Executive Director ensure leadership continuity for the next 5 years, which is generally a stability signal for long-term shareholders.