Munjal Auto Industries Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
MUNJALAU · price
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Awaiting price reaction for this filing.
Munjal Auto Industries Limited conducted a Postal Ballot via remote e-voting from May 7 to June 7, 2025, seeking shareholder approval for the re-appointment of Mrs. Avi Sabavala (DIN 08246256) as a Non-Executive Independent Director for a second term of 5 years. The resolution was passed with overwhelming support, with 99.99% of votes cast in favour (74,877,040 shares) and only 0.01% against (7,971 shares). The promoter and promoter group voted 100% in favour with 74,806,450 shares, while public non-institutions showed 89.85% support and 10.15% opposition. Out of 48,991 total shareholders on the record date (May 2, 2025), 167 members participated in the voting. The scrutinizer, CS Devesh A. Pathak, certified the results as valid and the resolution was declared passed.
This is a routine corporate governance filing confirming Mrs. Avi Sabavala's continuation as an Independent Director for another 5-year term. The near-unanimous approval signals strong shareholder confidence in the existing board composition, with no material impact expected on the stock price.