IndoStar Capital Finance Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
INDOSTAR · price
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IndoStar Capital Finance has announced the results of a Postal Ballot conducted via remote e-voting from July 5 to August 3, 2025. The Special Resolution to re-designate and appoint Mr. Randhir Singh (DIN: 05353131) as Managing Director designated as Executive Vice Chairman has been approved with 99.76% of votes in favour. A total of 10.09 crore shares were polled out of 13.67 crore outstanding shares (73.87% participation). Promoters voted 100% in favour, while public institutions showed a mixed response with only 30.30% in favour. The resolution was deemed passed on August 3, 2025, as confirmed by Scrutinizer Ms. Ashwini Inamdar of Mehta & Mehta.
Mr. Randhir Singh's appointment as Executive Vice Chairman is now formally confirmed, bringing leadership continuity. The strong promoter support (100%) reinforces backing for management decisions, though the lukewarm public institution voting (only 30% in favour) may raise minor governance questions among institutional investors.