Scrutinizers Report under Regulation 44 for voting results
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Awaiting price reaction for this filing.
Mysore Petro Chemicals conducted a postal ballot (e-voting) from March 23 to April 21, 2025, seeking shareholder approval on three resolutions. All three resolutions were passed with overwhelming majority: (1) Appointment of Shri Satyanarayan Bankatlal Maheshwari as Whole-Time Director (Executive Director) — Special Resolution passed with 98.66% votes in favour (49,55,364 shares for vs 67,069 against); (2) Appointment of Shri Mayank Dhanuka as Non-Executive Director — Ordinary Resolution passed with 97.91% votes in favour (31,44,008 for vs 67,068 against); (3) Appointment of Dr. Vaijayanti Pandit as Independent Director — Special Resolution passed with 98.66% votes in favour (49,55,324 for vs 67,109 against). Out of 5,868 total shareholders, only 49 exercised their votes. Promoter group (holding ~73% of shares) and public institutions voted unanimously in favour of all resolutions, while public non-institutions showed mixed voting with 33% in favour and 67% against.
Strong shareholder endorsement with over 97% approval on all director appointments indicates broad confidence in the proposed board composition. The resolutions are now deemed effective, formalising the appointments of one Executive Director, one Non-Executive Director, and one Independent Director. Minor dissent from public non-institutional investors (only 6.48% polling in this segment) is unlikely to materially affect governance or stock price.