Intimation under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Result of the Postal Ballot (by way of remote e-voting only)
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Awaiting price reaction for this filing.
Kings Infra Ventures Ltd announced the results of its postal ballot (conducted via remote e-voting) on March 12, 2026, with the voting period running from February 10 to March 11, 2026. Two resolutions were passed with overwhelming majority: (1) Appointment of Mr. Baby John Shaji as Managing Director for five years effective February 6, 2026 (Special Resolution), and (2) Appointment of Ms. Rita Shaji John as Non-Executive Non-Independent Director (Ordinary Resolution). Both resolutions received 9,095,459 votes in favor and only 155 votes against, translating to 99.9983% approval. Out of 10,026 total shareholders, only 29 participated, with overall voting turnout at 37.12% of outstanding shares. Promoter group voted 100% in favor, while public non-institutions voted 99.84% in favor. The scrutinizer was CA Jomy Saimon.
This is a routine governance filing confirming key leadership appointments with near-unanimous shareholder support, signaling smooth board succession. With promoters being interested parties and voting in favor, the strong public shareholder backing (99.84%) adds legitimacy. No material impact on stock price is expected, though the formalization of Mr. Baby John Shaji as Managing Director provides leadership clarity for the next five years.