Intimation of outcome of the postal ballot through remote E-Voting
Awaiting price reaction for this filing.
Insilco Limited, which is under voluntary liquidation since June 25, 2021, conducted a postal ballot via remote e-voting between February 27 and March 28, 2026, and both resolutions were approved by members. The first resolution approved the appointment of Ms. Shivangi Negi (DIN: 10823339) as Managing Director in the Executive Director category for a five-year term from February 14, 2026 to February 13, 2031, with 100% promoter group support and 80.66% support from public-others. The second resolution approved the appointment of Ms. Deepa Jha (DIN: 11515789) as a Director of the company. Overall, 4,58,82,866 votes (73.17% of outstanding shares) were cast in favor, with only 7,086 votes against (99.98% approval). The results were declared on March 30, 2026.
Despite being under voluntary liquidation, the company continues governance activities by appointing a Managing Director and a Director, which may relate to winding-up or residual corporate matters. The overwhelming approval (99.98% in favor) signals no shareholder dissent, though the unusual situation of a liquidating company making executive appointments warrants investor attention.