Postal ballot voting results under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
MUKTAARTS · price
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Mukta Arts Limited announced the results of a postal ballot conducted for the appointment of Mrs. Madhumati Ramchandra Lele (DIN: 09306316) as a Non-Executive Independent Director for a period of 5 years. The special resolution was passed with overwhelming support — 99.99% of votes polled were in favour, with only 1,409 votes against. Out of 2.26 crore total shares, 1.63 crore shares (72.34% of outstanding equity) were voted, including full participation from the promoter group (1.60 crore shares, all in favour). Public non-institutions polled 5.56% of their holding, with 99.62% voting in favour. The scrutinizer, KDA & Associates, confirmed the resolution was carried with the requisite majority.
The appointment strengthens the board's independent oversight and reflects strong shareholder confidence, with near-unanimous approval. No material stock-price impact is expected, but it is a positive corporate governance signal for retail investors.