LIC Housing Finance Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
LICHSGFIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
LIC Housing Finance Limited has announced the results of a postal ballot for the re-appointment of Smt. Jagennath Jayanthi (DIN: 09053493) as a Non-Executive Independent Director. The resolution was passed with 96.18% of votes in favour (44.04 crore shares) and only 3.82% against (1.75 crore shares). A total of 45.79 crore votes were polled, representing 83.25% of the company's outstanding shares. Promoters voted 100% in favour, while public institutions supported with 91.63% and public non-institutions with 89.98% in favour. The scrutinizer, Mr. Bhargav Pattani of M/s BPP & Co., confirmed the e-voting process was conducted fairly and transparently.
Smt. Jagennath Jayanthi's re-appointment as Independent Director has been approved by shareholders, providing continuity on the board. This is a routine governance event with no material impact on the stock price.