Enclosed herewith are the Voting Results along with the Scrutinizer''s Report
MADHAVIPL · price
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Madhav Infra Projects Limited has filed the voting results and Scrutinizer's Report for a Postal Ballot conducted from April 16 to May 15, 2025. The single resolution sought to regularize the appointment of Mr. Nikhil Kaushik (DIN: 00040403) as a Non-Executive Independent Director. Out of 76,222 shareholders on record, 18.58 crore shares were voted, representing 68.92% of total outstanding shares. Promoters voted 100% in favour (18.55 crore shares), while public non-institutions turned out weakly with only 2.81 lakh shares (0.33% of their holding) voting. The resolution passed with overwhelming support of 99.99% in favour and just 9,397 votes against. CS Haresh Kapuriya of KH & Associates served as Scrutinizer.
The appointment of Mr. Nikhil Kaushik as Independent Director is now formally regularized, strengthening board composition. The near-unanimous approval and promoter block voting in full support signal smooth governance with no shareholder dissent. Low retail participation (0.33%) is typical for postal ballots and unlikely to affect stock sentiment.