Declaration of Voting Results of the Postal Ballot of Novartis India Limited ("The Company") and Scrutinizer''s Report.
NOVARTIND · price
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Novartis India Limited has declared the results of a Postal Ballot conducted to appoint Ms. Gowree Gokhale (DIN: 09351661) as a Non-Executive Independent Director for a term of 5 years. The resolution was passed on May 16, 2026, with overwhelming shareholder approval. Out of 1,75,47,644 valid votes cast, 1,75,42,691 votes (99.97%) were in favour and only 4,953 votes (0.03%) were against. Promoter and promoter group votes were 100% in favour (17,450,680 shares). The Scrutinizer's Report dated May 18, 2026, confirms all votes were valid and the special resolution was passed with the requisite majority. This was a routine board appointment through postal ballot, consistent with SEBI Listing Regulations.
The appointment adds an independent director to the board, strengthening governance. The near-unanimous vote signals strong shareholder confidence in the new director. No immediate impact on stock price expected as this is a routine governance matter.