Announced Mon, 13 Jul · 18:43 IST
Postal Ballot: CEO and Independent Director re-appointments approved
Board & Shareholder Meetings View source PDF
JSWCEMENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.7%1-day move
₹137.99
prior close
₹137.93
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3-0.2-0.2-0.6+0.7+2.9+1.2+1.9+2.3-2.9————
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AI summary
JSW Cement shareholders approved two resolutions via postal ballot. Re-appointment of Mr. Nilesh Narwekar as Whole-time Director and CEO passed with 97.55 percent votes in favor (2.77 crore shares against). Re-appointment of Mr. Sumit Banerjee as Independent Director passed with 99.47 percent in favor. Promoters voted 100 percent in favor of both. About 81 percent of total shares were polled.
Likely market impact
Both director re-appointments cleared with strong majority. Stable leadership at top continues. No material governance concerns signaled.