Result of the Postal Ballot along with Scrutinizer''s Report
LODHA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lodha Developers conducted a postal ballot to seek shareholder approval for two special resolutions. First, the appointment of Mr. Akhil Gupta as an Independent Director was approved with 99.88% votes in favour. Second, the reappointment of Mr. Lee Polisano as an Independent Director for a second term was also approved with 95.82% votes in favour. Both resolutions passed with overwhelming majority from promoters and public shareholders. The voting participation was strong at 93.93% of total shares, with 925 shareholders participating through remote e-voting.
Both Independent Director appointments were endorsed by shareholders with strong majorities, indicating continued board stability and governance continuity. The slightly lower approval for Lee Polisano's reappointment (with 18.3% institutional votes against) may warrant monitoring but does not indicate governance concerns.