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 conducted a postal ballot (by remote e-voting only) to re-appoint Mr. Shaji Baby John as Chairman & Managing Director for a further 3 years with effect from 29th May 2025. E-voting was open from 24th April to 23rd May 2025, and the scrutinizer's report was submitted on 24th May 2025. Of the 24,505,450 total shares, 10,968,174 votes (44.76%) were polled, and the ordinary resolution passed with 10,968,173 votes in favour (effectively 100%) and just 1 vote against. The promoter and promoter group, who are interested in the resolution, voted 100% in favour, while public non-institutional shareholders voted 99.9991% in favour.
This is a routine corporate governance item with near-unanimous shareholder support, signalling strong continuity in leadership. No material impact expected on the stock price, though it confirms promoter alignment with public shareholders.