Scrutinizer Report and Voting Results of Postal Ballot ended on 23rd August, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Minal Industries Ltd has announced the results of a postal ballot that closed on 23rd August 2025. Shareholders approved a single special resolution to appoint Mrs. Disha Hiteshkumar Rathod (DIN: 10679515) as a Non-Executive Independent Director of the company. The resolution passed with near-unanimous support — 99.99% of votes polled were in favour (8.97 crore shares), with only 6,455 shares voted against (0.0072%). Promoter group voted 100% in favour with a 92.63% turnout, while public non-institutional shareholders showed 99.96% support at an 18.63% turnout. No public institutional shareholders participated in the voting. The scrutinizer, Kunal Sakpal of HSPN & Associates LLP, certified the process as fair and compliant with SEBI and Companies Act rules.
This is a routine governance update — the addition of a new independent director strengthens the board, which is generally viewed positively by retail investors. The overwhelming approval (99.99%) and full promoter backing signal strong consensus, with minimal impact expected on the stock price.