Manaksia Coated Metals & Industries Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
MANAKCOAT · price
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Manaksia Coated Metals & Industries Limited has filed the voting results and scrutinizer's report for a postal ballot conducted to seek shareholder approval for one ordinary resolution. The resolution was to appoint Mr. Pritam Pal (DIN: 11050522) as a Non-Executive Non-Independent Director. Voting closed on August 13, 2025, with 27,119 shareholders on record. Of 10.58 crore total shares, about 5.89 crore shares (55.64%) were polled. Promoters fully backed the resolution with 100% of their 5.88 crore shares voted in favour. Among public non-institutional shareholders, 97.76% voted in favour and 2.23% against. Overall, 99.9965% of polled votes were in favour and the resolution was passed with the required majority. The scrutinizer was Asit Kumar Labh of A.K. Labh & Co.
The appointment of a new Non-Executive Non-Independent Director has been approved by shareholders with overwhelming support, signaling routine board strengthening. This is a procedural corporate action with no material impact on stock price or shareholder value, though it adds a new member to the company's board.