Lorenzini Apparels Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lorenzini Apparels Limited has announced the results of a postal ballot conducted via remote e-voting, with the voting period ending on March 26, 2026. Three resolutions were put to shareholders: (1) the appointment of Mr. Ish Sadana as Independent Director, (2) the appointment of Ms. Monam Kapoor as Independent Director, and (3) the approval of a related party transaction to transfer/sell the 'Mr Button' trademark to Mr Button Private Limited. All three resolutions were passed by shareholders, with over 99.97% of votes cast in favor of each. The promoter group (97,029,754 shares held by Mr. Sandeep Jain and Mr. Parveen Jain) abstained from voting on the related party resolution due to their interest, as did Mr. Mohinder Rustagi, a Director and member of Mr Button Private Limited. Of the 17,344 shareholders on record, approximately 71% of outstanding shares were polled across the resolutions.
Shareholders have approved two new independent director appointments, strengthening board oversight, and cleared the transfer of the 'Mr Button' trademark to a related entity. The strong majority in favor of the related party transaction suggests little investor pushback, though minority shareholders should note the promoter group's interest in this deal.