Outcome of Postal Ballot
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Market Creators Ltd has announced the results of its postal ballot (via remote e-voting) held between February 6, 2026 and March 7, 2026. Two resolutions were put to shareholders: (1) appointment of Ms. Vaishali Kalpesh Shah as a Non-Independent Director (Ordinary Resolution), and (2) her appointment as Whole Time Director designated as Executive Director along with approval of her remuneration (Special Resolution). Out of 4,390 shareholders on the cut-off date, only 19 participated, casting 14,79,954 votes out of 50,00,000 total shares (29.60% voting turnout). The promoter group voted 100% in favour with 14,31,470 shares, while public non-institutions voted 96.90% in favour (46,981 out of 48,484 shares). Both resolutions passed with 99.90% votes in favour and just 0.10% against.
The appointment of Ms. Vaishali Shah (likely a promoter family member) to the board and as Executive Director is now formally confirmed with near-unanimous shareholder approval. This consolidates promoter family control of the company but should not materially impact the stock price, as the outcome was widely anticipated given the promoter's controlling stake of over 71%.