Orient Electric Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
ORIENTELEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Orient Electric Limited has informed the exchanges that two ordinary resolutions put to shareholders via postal ballot (e-voting period: Jan 24 – Feb 22, 2026) have been passed with the required majority. Resolution 1 sought approval to grant a Long-Term Incentive to Mr. Ravindra Singh Negi (MD & CEO): 99.56% of votes polled (18.17 crore shares) were in favour, with just 0.44% (7.98 lakh shares) against; promoter group voted 100% in favour. Resolution 2 covered a Long-Term Incentives Program for Ms. Avani Birla (President-Strategy, promoter group interested): 96.80% in favour (16.92 crore shares) versus 3.20% against (55.92 lakh shares); promoter group again voted 100% in favour. On the record date (Jan 16, 2026), the company had 82,958 shareholders holding a total of 21.34 crore shares, with 85.52% and 81.92% of outstanding shares voting on the two resolutions respectively. The scrutinizer was Atul Kumar Labh of M/s Labh & Labh Associates.
Both executive compensation proposals have been cleared by shareholders with overwhelming majorities, removing any near-term governance overhang on these LTI grants. The strong approval margin — especially the 99.56% backing for the MD & CEO's incentive — signals solid investor confidence in the management team and is unlikely to have a material impact on the share price.