Postal ballot results: Khaitan re-appointed as MD, Bhar as WTD — all 4 resolutions pass

Board & Shareholder Meetings View source PDF

MCLEODRUSS · price

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▲ 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

-3.5%1-day move

₹59.82

prior close

₹59.82

base price

After-mkt

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AI summary

McLeod Russel India announced postal ballot results on 30 June 2026 with all 4 resolutions passed. Resolution 1 re-appointed Mr. Aditya Khaitan as Managing Director for 3 years (94.02% in favour). Resolution 2 approved his remuneration (93.85%). Resolution 3 appointed Mr. Pradip Bhar as Director (93.99%). Resolution 4 appointed him as Whole-Time Director for 3 years with remuneration (93.99%). Promoters voted 100% in favour on all items. Remote e-voting ran from 29 May to 27 June 2026. About 18.25% of outstanding shares were polled.

Likely market impact

Leadership continuity secured. Khaitan stays as MD and Bhar joins as WTD for 3 years. All resolutions cleared with over 93% approval including public shareholders.