Krishna Defence And Allied Industries Limited has informed the Exchange about Voting Results of the Postal Ballot and Submission of Scrutinizer Report.
KRISHNADEF · price
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Krishna Defence and Allied Industries has announced the results of a postal ballot conducted between April 10 and May 9, 2025. Two special resolutions were passed with overwhelming majority, each receiving 8,927,050 votes in favour (99.98%) and only 2,000 votes against (0.02%) out of 8,929,050 total votes cast. Resolution 1 approves the migration of the company's equity shares from the NSE EMERGE (SME) platform to the Main Board of BSE and NSE. Resolution 2 approves the appointment of Rear Admiral Anil Kumar Dutta (Retd) as a Director and Independent Director. Only 27 out of 4,206 eligible shareholders participated in the e-voting, which was conducted through Bigshare Services and scrutinized by DRP & Associates.
Moving from the NSE EMERGE SME platform to the main board of BSE and NSE is a positive development that could improve liquidity, visibility, and institutional investor interest in the stock. The addition of a senior defence veteran as an independent director strengthens the board's defence-sector expertise, which is relevant to the company's core business.