Intimation of voting result of Postal ballot along with Scrutinizer''s report
MHLXMIRU · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mahalaxmi Rubtech Ltd has announced results of its postal ballot conducted between April 21, 2026 and May 20, 2026. Three special resolutions were passed with overwhelming shareholder approval (99.99%). These include the re-appointment of Mr. Balveermal Kewalmal Singhvi as Non-Executive Independent Director, continuation of his directorship beyond age 75 years, and regularisation of Mrs. Renukaben Patel as Non-Executive Independent Director. Total voter turnout was 65.78% of outstanding shares (69,85,973 votes out of 1,06,20,275). Promoter group voted 100% in favor on all resolutions while only 4 votes were cast against across all three resolutions. The scrutinizer report was issued by M/s. Malay Desai & Associates.
All resolutions passed comfortably with near-unanimous approval, indicating strong promoter support and minimal shareholder concerns. The continuation of an independent director beyond age 75 and appointment of a new independent director will help maintain board composition and governance structure. This is a routine corporate governance event with neutral to slightly positive sentiment.