KPI Green Energy Limited has submitted the Exchange a copy of Scrutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
KPIGREEN · price
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KPI Green Energy Limited has submitted the voting results of a postal ballot conducted via electronic means for the appointment of Mr. Satya Gopal (DIN: 08144273) as a Non-Executive Independent Director, passed as a Special Resolution. The voting was held between May 8, 2025 and June 5, 2025, with 330,322 shareholders on record. Of the 196.89 crore total outstanding shares, 11.98 crore shares (60.87% of paid-up capital) were polled, and the resolution passed with an overwhelming 99.75% votes in favour and just 0.25% against. Promoters voted 100% in favour, while public institutions and non-institutions supported the resolution at 97.46% and 99.95% respectively. The scrutinizer's report was issued by Chirag Shah & Associates on June 6, 2025.
The appointment of a new independent director is a routine governance matter and the overwhelming shareholder approval (99.75% in favour) signals strong consensus with no material dissent. No direct impact on stock price is expected, but it strengthens the board's independent composition.