Pursuant to the Provisions of Section 110 of the Companies Act, 2013, read with the Companies (Management & Administration) Rule 2014, as amended from time to time, the Company had conducted ....
IWP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Indian Wood Products Company Ltd announced the results of its Postal Ballot conducted through remote e-voting between November 20 and December 19, 2025. Two ordinary resolutions were put to shareholders. Resolution 1 was the re-designation of Mr. Bharat Mohta (DIN 00392090) from Whole Time Director (CEO) to Whole Time Director designated as Chairman and Managing Director, effective November 15, 2025. Resolution 2 was the approval of a Related Party Transaction for appointing Mr. Krishna Kumar Mohta as Senior Strategic Consultant. Both resolutions passed with overwhelming support, receiving 99.99% votes in favour. Out of 14,876 shareholders on record date, 96 voted, representing about 71.67% of total share capital. Promoters (holding roughly 4.55 crore shares) voted entirely in favour of both resolutions. The Scrutinizer, CS Md. Shahnawaz of M Shahnawaz & Associates, submitted his report on December 20, 2025 confirming the results.
Both resolutions passed with near-unanimous shareholder approval, indicating no public dissent against promoter family members taking on senior leadership and consulting roles. The re-designation signals consolidation of promoter family control at the top of the company, but with virtually no opposition from voting shareholders, near-term price impact is expected to be minimal.