Kaushalya Infrastructure Development Corporation Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report.
KAUSHALYA · price
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Kaushalya Infrastructure Development Corporation Limited has disclosed the results of its postal ballot conducted via remote e-voting from July 5 to August 4, 2025. Shareholders approved all six special resolutions with overwhelming majority, with over 99.97% votes in favor of each resolution. The resolutions covered the re-appointment of Mr. Ram Krishna Mondal as Independent Director, continuation of Mr. Mondal beyond age 75, re-appointment of Mr. Mahesh Mehra as Whole-time Director, continuation of Mr. Mehra beyond age 70, and re-appointment of Mr. Tarak Nath Mishra and Mr. Sanjay Lal Gupta as Whole-time Directors. Out of 3,46,306 total outstanding shares, 1,74,573 shares (50.41%) were voted, with the promoter group (1,74,146 shares) voting 100% in favor of all resolutions.
All six director-related resolutions were approved with near-unanimous support, ensuring continuity in the company's leadership without any governance disruption. The promoter group's full backing signals strong internal alignment, though public participation was minimal with only 427 shares voted by non-institutional shareholders. This is a routine compliance filing with no material impact on stock price or shareholder value.