Scrutinizer''s Report for e-voting, being issued by Scrutinizer, Mr. Haresh Kapuriya, Practicing Company Secretary, is enclosed herewith.
MADHAVIPL · price
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Awaiting price reaction for this filing.
Madhav Infra Projects conducted a postal ballot via remote e-voting from April 16 to May 15, 2025, seeking shareholder approval on one resolution: regularisation of Mr. Nikhil Kaushik (DIN: 00040403) as Non-Executive Independent Director. Of the 26.96 crore total outstanding shares held by 76,222 shareholders, 18.58 crore shares (68.92% of outstanding equity) participated in the voting. Promoters voted 100% in favour with their entire 18.55 crore holding, while public non-institutional holders showed only 0.33% turnout (2,81,482 shares), of which 96.66% voted in favour. The resolution passed with 99.99% votes in favour (18,57,84,264 shares) and just 9,397 shares against. Scrutiniser CS Haresh Kapuriya of KH & Associates validated the results. Note: the Company Secretary's filing classifies it as an Ordinary Resolution, while the Scrutiniser's annexure labels it a Special Resolution — a minor inconsistency in the filing.
Routine board governance action confirmed with near-unanimous shareholder support, including full promoter backing. No material impact expected on stock price or shareholder value; this is a standard compliance disclosure.