Details of Results of Postal Ballot under Regulation 44(3) of SEBI (ListingObligations and Disclosure Requirements) Regulations, 2015
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Nalwa Sons Investments Limited announced the results of its postal ballot on January 10, 2026, for two special resolutions. The first resolution was to re-appoint Mr. Kanwaljit Singh Thind (DIN: 06969654) as an Independent Director for a second term of five years, and the second was to re-appoint Mrs. Shruti Shrivastava (DIN: 08697973) as an Independent Director for a second term of five years. Out of 38,606 shareholders on record, a total of 38,73,653 valid votes were cast electronically, representing 75.42% of total shareholdings. Both resolutions were passed with the requisite majority, with approximately 79.26% of votes in favour and 20.74% against. While the promoter group voted 100% in favour and public institutions voted 87.87% in favour, public non-institutional shareholders voted overwhelmingly against (99.80% against, only 0.20% in favour). The e-voting was conducted between December 11, 2025 and January 9, 2026 via MUFG Intime India Private Limited's platform, and no physical postal ballot forms were received.
Both independent directors have been re-appointed for a second five-year term, providing board continuity. However, retail and non-institutional shareholders showed notable dissent (~20.74% of total votes against), which is worth monitoring as a governance signal despite the resolutions comfortably passing.