Orient Cement Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
ORIENTCEM · price
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Orient Cement Limited (Adani Group) announced the results of its postal ballot conducted via e-voting from May 30, 2025 to June 28, 2025, with all 13 resolutions passed with requisite majority. Out of 74,047 shareholders, about 66.88% of paid-up equity capital participated in voting. Key resolutions included appointment of Mr. Vaibhav Dixit as Whole-time Director and CEO (96.29% in favor), Mr. Sudhir Nanavati and Mr. Ravi Kapoor as Independent Directors (91.24% and 94.74% in favor), and Ms. Shruti Shah as Independent Director (93.62% in favor). Material related party transactions with Ambuja Cements, ACC Limited, and Adani Enterprises for FY 2025-26 were approved with over 99.96% support. G.K. Choksi & Co. was appointed as Statutory Auditor and the registered office shift from Orissa to Gujarat was approved (99.99% in favor). Notably, public institutions showed 15-36% dissent on CEO and Independent Director appointments.
Shareholders have formally approved key board appointments, related party transactions with group companies, auditor change, and the registered office shift to Gujarat. The strong approval percentages indicate smooth governance execution, though some public institutional investors showed meaningful dissent on certain director appointments, which is worth monitoring for governance perception.