Outcome Postal Ballot, Voting Results
MAANALU · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Maan Aluminium Limited conducted a postal ballot via remote e-voting from May 30, 2026 to June 28, 2026. Shareholders voted on two special resolutions, both of which passed with overwhelming majority of 99.9976% in favour (29,718,314 votes). Resolution 1 approved the appointment of Mr. Karan Bhatia (DIN: 11633574) as an Independent Director, with only 724 votes against from 117 members. Resolution 2 approved the alteration (substitution) of the Object Clause of the Memorandum of Association, also with only 724 votes against from 17 members. Out of 32,063 total shareholders, participation was very low, with only about 203 members casting votes in total. The Scrutinizer, Abhinav Agarwal of A Abhinav & Associates, confirmed both resolutions were passed with the requisite majority.
Shareholders have approved a new Independent Director on the board and authorised the company to broaden or change its business activities under a new object clause, which could open new growth avenues. The near-unanimous support signals strong shareholder confidence in management's direction.