Proceedings of the Postal Ballot concluded on 22nd March 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
IST Limited concluded its postal ballot on March 22, 2026, with two ordinary resolutions passed with requisite majority. Both resolutions sought approval to increase the remuneration of Mrs. Shweta Gupta and Mrs. Priyanka Gupta, who hold office/place of profit in Gurgaon Infospace Limited, the company's wholly owned subsidiary. Voting was conducted via e-voting between February 21 and March 22, 2026. The promoter group was deemed interested in both resolutions, so their votes of 8,155,104 shares (held by 5 members) were declared invalid. Of the 2,789,408 shares held by public non-institutional shareholders, 1,190,786 votes were polled (42.69%), with 99.48% voting in favour and 0.52% against. The Scrutinizer Vinod Kumar Aneja confirmed both resolutions as passed.
This is a related-party transaction involving promoter family members receiving higher pay from the company's subsidiary. While public shareholders overwhelmingly approved the increase (99.48% in favour), shareholders should note that promoter-related remuneration arrangements warrant continued scrutiny, even though voting compliance appears to have been properly observed by excluding interested promoter votes.