Voting Result of Postal Ballot along with Scrutinizer Report
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Kovalam Investment & Trading Company Ltd announced the results of its postal ballot conducted via remote e-voting from March 14 to April 14, 2025. Two special resolutions were put to vote and both passed with 100% approval, with zero votes against. The first resolution was the re-appointment of Sh. Komal Jain (DIN: 00399948) as an Independent Director, and the second was approval for his continuation as a Non-Executive Independent Director beyond the age of 75. Out of 2,223,914 total outstanding shares, 1,595,725 shares (about 71.75%) were polled, with 22 members participating. Promoters voted 1,587,205 shares in favour and public non-institutional shareholders voted 8,520 shares in favour. The scrutinizer, P.S. Dua & Associates, submitted its report on April 15, 2025 confirming the resolutions were passed with the requisite majority.
Routine corporate governance update — Komal Jain has been confirmed on the board with full shareholder backing. The unanimous approval signals no governance friction and should have no negative impact on the stock.