Nitco Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
NITCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nitco Limited conducted a postal ballot through remote e-voting that closed on March 20, 2026. Two special resolutions were put to shareholders. Resolution 1 sought approval to re-appoint Mr. Vivek Prannath Talwar (DIN: 00043180) as Managing Director designated as 'Executive Chairman' for 3 years effective April 1, 2026 — passed with 99.998% votes in favour (14,45,73,576 shares). Resolution 2 sought approval to grant loans, guarantees, or security under Section 185 of the Companies Act, 2013 — passed with 99.998% votes in favour (15,43,97,023 shares). Promoter group voted entirely in favour of both resolutions, with no votes against. The scrutinizer, Mr. B. Durgaprasad Rai, confirmed the process was fair and transparent.
Both resolutions passed with overwhelming shareholder support (over 99.99%), indicating strong confidence in the management re-appointment. The Section 185 approval gives the company flexibility to extend financial support to related parties, which investors should monitor for any future related-party transactions. The outcome is procedural and unlikely to cause significant stock price movement.