Nilkamal Limited has submitted the Exchange outcome of the Postal Ballot along with the Srutinizers report.
NILKAMAL · price
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Nilkamal Limited has announced the outcome of its postal ballot conducted via remote e-voting from April 9 to May 8, 2025. All six special resolutions were passed with overwhelming shareholder approval, each securing over 99.94% votes in favor. The resolutions covered the re-appointment of Mr. Hiten V. Parekh as Managing Director, and Mr. Manish V. Parekh and Mr. Nayan S. Parekh as Joint Managing Directors, along with approval of their respective remuneration packages. About 1.21 crore votes were polled on the re-appointment resolutions (81% participation), while the remuneration resolutions saw lower effective participation (66-71%) because promoter group shares were treated as invalid since the promoters were deemed interested parties in those items.
This is a routine corporate governance update confirming strong shareholder support for the existing leadership team and their compensation, with negligible dissent. The outcome provides continuity at the top management level and is unlikely to have any material impact on the stock price.