Declaration of Voting Results of the Postal ballot of Novartis India Limited ("The Company") and Scrutinizer''s report.
NOVARTIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Novartis India Limited has announced the results of its Postal Ballot conducted in May 2026, where shareholders approved the appointment of Ms. Gowree Gokhale as a Non-Executive Independent Director for a term of 5 years. The resolution was passed with an overwhelming majority of 99.97%, with 17,542,691 votes in favor out of 17,547,644 total votes cast. Promoters voted unanimously (100%) in favor, while public institutional investors showed some dissent with 14.42% voting against. The voting period ended on May 16, 2026, and the scrutinizer's report dated May 18, 2026 confirmed all votes were valid. A total of 34,470 shareholders were eligible to vote.
This is a routine board appointment that strengthens the company's board with an experienced independent director. The strong shareholder approval (nearly unanimous) suggests confidence in the appointment and has no immediate negative implications for shareholders.