Please find attached Scrutinizer''s Report of Postal Ballot.
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Modern Insulators Ltd conducted a postal ballot to seek shareholder approval for the appointment and remuneration of Shri Shreyans Ranka (DIN: 06470710) as Joint Managing Director. The e-voting ran from February 2, 2026 to March 3, 2026. Out of 47,143,900 total shares, 28,513,340 shares (60.48%) were polled, with 99.72% voting in favour and just 0.28% against. The resolution was passed with the requisite majority. Notably, the promoter group, which held 28,372,070 shares, voted 100% in favour, while public non-institutional shareholders showed dissent with 57.12% voting against the appointment.
The appointment of Shri Shreyans Ranka as Joint Managing Director is now effective. However, retail/public shareholders largely opposed the resolution, which may signal governance concerns or dissatisfaction with the remuneration terms. Shareholders should monitor how the new JMD's tenure impacts company performance and watch for any related-party transactions.