Outcome of Postal Ballot and Scrutinizer''s Report
NUCLEUS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Nucleus Software Exports Ltd has announced the results of its postal ballot conducted via remote e-voting from April 8 to May 7, 2026. All 6 resolutions were passed with the required majorities. Key outcomes include: (1) Re-appointment of Mr. Parag Bhise as Whole Time Director & CEO approved with 93.99% votes in favor; (2) Appointment of Dr. Nitin R Gokarn as Independent Director approved with near-unanimous 99.997% support; (3-6) Four special resolutions related to the new Nucleus Software RSU Scheme-2026, including grants to subsidiary employees, secondary acquisition by trust, and loan provision for share purchase, all passed with approximately 94% approval. Notably, public institutions voted significantly against the RSU-related resolutions (71.5% against), though their weight was insufficient to block the resolutions given promoter voting strength.
Shareholders should note that the CEO's continuation provides leadership stability, while the new RSU scheme may lead to employee retention benefits but could result in share dilution. The strong institutional opposition to the RSU scheme warrants monitoring for potential governance implications.