Kanoria Chemicals & Industries Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
KANORICHEM · price
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Awaiting price reaction for this filing.
Kanoria Chemicals & Industries announced the results of a postal ballot (e-voting held April 10 to May 9, 2025). Two resolutions were passed with overwhelming majority. Resolution 1: Re-appointment of Shri Saumya Vardhan Kanoria as Whole-Time Director for 3 years from April 1, 2025 — passed as a Special Resolution with 99.9987% votes in favor (3.25 crore shares). Resolution 2: Approval of a material related party transaction between two step-down subsidiaries, APAG Elektronik AG (Switzerland) and APAG Elektronik s.r.o. (Czech Republic) — passed as an Ordinary Resolution with 98.63% votes in favor. The promoter and promoter group (interested in both items) voted entirely in favor. Of 18,888 total shareholders, 153 voted on Item 1 and 145 on Item 2.
The re-appointment keeps a member of the promoter Kanoria family in a key executive role, signalling continuity of family-led management. The related party transaction approval allows business dealings between the company's European subsidiaries to proceed. Both outcomes are routine governance items with near-unanimous shareholder support, suggesting no meaningful stock price impact.