Announced Tue, 28 Apr · 14:35 IST
Postal Ballot Results: All 12 Resolutions Passed, Including MD Reappointment
Board & Shareholder Meetings View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-7.2%1-day move
₹0.69
prior close
₹0.70
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0-7.2-11.6-7.2-11.6-7.2-10.1-11.6+1.4-11.6—
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AI summary
Mangalam Industrial Finance's postal ballot (e-voting March 27–April 25, 2026; results April 28) saw all 12 resolutions pass. 11 ordinary resolutions approved material related party transactions with Wardwizard group entities and individuals. The special resolution re-appointed Mr. Venkata Ramana Revuru as MD with remuneration. Promoters abstained on RPTs; public support exceeded 99.6% on all items, with only ~10.9% of public shares voting.
Likely market impact
All resolutions cleared with strong public backing. Promoters abstained on related party deals but supported MD reappointment 100%.