Outcome of Postal Ballot along with scrutinizers report
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Softsol India Limited conducted a postal ballot through remote e-voting from October 17 to November 15, 2025, with two resolutions. Both were passed with overwhelming shareholder support. Resolution 1 (Ordinary) appointed Mr. Aravind Kumar Madala (DIN: 06994824) as a Director of the company, receiving 42,81,454 votes in favour out of 45,61,285 valid votes (approximately 99.99%). Resolution 2 (Special) appointed him as Managing Director for a 5-year term from September 1, 2025 to August 31, 2030, with similar near-unanimous approval. His fixed salary is set at Rs. 2,00,000 per month, with remuneration fixed for the first 3 years. Promoter group (12,34,517 votes) and public non-institutional shareholders (33,26,768 votes) both voted 100% and 99.9999% in favour, respectively.
Mr. Aravind Kumar Madala, a member of the promoter Madala family, takes charge as Managing Director with a modest fixed pay of Rs. 2 lakh/month, suggesting a cost-conscious leadership transition. The near-unanimous approval signals strong shareholder confidence in the new management, though the low voting turnout (only 42-43 members voted out of 2,437 shareholders) means this was largely a formality among active participants.