We are submitting herewith Voting Results and Scrutinizers'' Report of the Postal Ballot completed on 30th April, 2026.
ISHANCH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ishan Dyes and Chemicals Ltd completed a postal ballot (remote e-voting) ending April 30, 2026, with two special resolutions passed. The resolutions re-appointed Mr. Shrinal P Patel as Whole-Time Director and Mr. Piyushbhai Natvarlal Patel as Managing Director of the company. Out of 26.14 million total shares, 10.72 million votes were cast (41.03% turnout), with 99.31% voting in favor (10.65 million votes) and 0.69% against (73,953 votes). Promoter group voting was unanimous at 100% in favor, while public shareholders showed 93.16% in favor. No institutional investors participated. The scrutinizer was CS Kunal Sharma from Kunal Sharma & Associates.
Both director re-appointments secured overwhelming approval (~99%) with special resolution threshold comfortably met. The Patel family controls the company with ~98.4% promoter stake, so outcomes were expected. However, ~7% dissenting votes from retail shareholders may signal minor concerns among minority investors about management continuity.