Khandwala Securities Limited has submitted the Exchange Disclosure of Voting Results of Postal Ballot process in terms of Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 along with Scrutinizer s Report
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Khandwala Securities Limited conducted a postal ballot via remote e-voting from June 1 to June 30, 2025, to seek shareholder approval for continuing Mr. Paresh Khandwala (DIN:00112678) as Managing Director after he turns 70 years old. The special resolution was passed with overwhelming support — 9,961,299 votes (99.99%) in favour and just 220 votes (0.01%) against, out of 9,961,519 valid votes cast by 161 shareholders. The promoter and promoter group voted 100% in favour (7,287,442 shares), while public non-institutions also strongly supported the resolution with 99.99% in favour. The scrutinizer, Mr. Bhuwnesh Bansal, confirmed the process was fair and transparent, and the result was declared on July 1, 2025. No votes were declared invalid.
Mr. Paresh Khandwala will continue as Managing Director of the company without disruption, ensuring leadership continuity. The near-unanimous approval (99.99%) signals strong shareholder confidence in the current management and removes any near-term governance uncertainty.