Scrutinizer Report and Voting Results of Postal Ballot ended on 23rd August, 2025
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Minal Industries Limited has announced the results of a Postal Ballot that closed on 23rd August 2025. One special resolution was put to vote: the appointment of Mrs. Disha Hiteshkumar Rathod (DIN: 10679515) as Non-Executive Independent Director. Out of 19.19 crore total outstanding shares, 8.97 crore shares (46.77%) were voted. The resolution was passed with overwhelming support — 99.99% of valid votes (8,97,36,775 shares) in favour and just 6,455 shares (0.0072%) against. No invalid votes were recorded. The scrutinizer, Mr. Kunal Sakpal of HSPN & Associates LLP, confirmed the process was conducted fairly per the Companies Act, 2013 and SEBI LODR Regulations. Promoter group voted 100% in favour, and public non-institutions voted 99.96% in favour.
This is a routine corporate governance update with strong shareholder backing (99.99% approval), so it is unlikely to move the stock price meaningfully. The addition of a new independent director strengthens the board's composition, which is a positive governance signal for long-term investors.