Disclosure of Voting Results - Postal Ballot Notice dated April 02, 2026
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On the reaction day the stock moved 3.9 pts more than Nifty Microcap 250 and 2.8 pts more than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Jhaveri Credits & Capital Ltd conducted a postal ballot for 5 special resolutions, all of which passed with near-unanimous approval (100% in favor). The key changes include: Mr. Vishnukumar Vitthaldas Patel transitioning from Managing Director to Non-Executive Director, then to Chairman and Non-Executive Director. Mr. Ghanshyambhai Hargovindbhai Engineer was appointed as the new Managing Director. Ms. Chetna Rahul Vyas was appointed as a Woman Independent Director. Ms. Bijal Kiran Parikh was elevated from Non-Executive Director to Executive Director. The voting turnout was 51.51% of outstanding shares, with only 2 votes against out of 4,886,026 valid votes cast.
The shareholder-approved changes signal a leadership transition at the company, with a new Managing Director appointed and key board positions being restructured. The near-unanimous approval indicates strong promoter and public shareholder support for the new governance setup.