Kotyark Industries Limited has informed the Exchange regarding Appointment of Ms Mittal V Kothari and Associates as Other of the company w.e.f. April 01, 2025.
KOTYARK · price
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Kotyak Industries Limited has announced the results of its Postal Ballot held on April 23, 2026, where shareholders approved two resolutions. Resolution 1 (Special) approved the appointment of Mr. Viral Mukeshbhai Mamtora as Non-Executive Independent Director for one year, with 100% approval (61,22,596 votes in favor, 0 against) from 59.56% of total shares polled. Resolution 2 (Ordinary) approved the appointment of M/s. Mittal V. Kothari & Associates as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30), also passing with unanimous approval (61,22,596 votes in favor, 0 against). The scrutinizer M/s. SCS & CO LLP verified the results. No institutional investors participated in voting, while promoters voted 85.75% of their holding and public non-institutions voted 11.42% of theirs.
Both appointments received full shareholder support, indicating confidence in the board and governance standards. The unanimous voting outcome with no dissenting votes is positive for corporate governance. However, as these are routine governance appointments, the impact on stock price is expected to be neutral to mildly positive.