Outcome of Postal Ballot
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Khazanchi Jewellers Ltd (Scrip Code: 543953) announced the results of its Postal Ballot concluded on March 21, 2026, with the scrutinizer's report dated March 23, 2026. All five special resolutions were carried with the requisite majority, approving the revision in remuneration for Mr. Tarachand Mehta (Managing Director), Mr. Rajesh Mehta (Jt. Managing Director), Mr. Goutham (Executive Director), Mr. Vikas Mehta (CFO), and Mr. Aashish Mehta (CEO). Resolutions 1, 2, and 3 (relating to MD, Jt. MD, and Executive Director) passed with 100% approval, with 17,915,729 shares voting in favor. Resolutions 4 and 5 (CFO and CEO remuneration) passed with 97.64% approval (196,500 shares in favor, 4,750 shares against). Notably, the promoter and promoter group, holding 17,714,479 equity shares, abstained from voting on resolutions 4 and 5, as they were considered interested parties.
All five resolutions related to revising remuneration of top executives were approved by shareholders, clearing the way for revised pay packages for the MD, Jt. MD, Executive Director, CFO, and CEO. While the outcome is largely procedural, the dissent on CFO and CEO remuneration (2.36% against) and promoter abstention indicate that minority shareholders had reservations, though the resolutions still passed comfortably.