outcome of postal ballot
Awaiting price reaction for this filing.
Insilco Ltd announced the outcome of a postal ballot conducted via remote e-voting, with results declared on 19 November 2025. The single resolution sought shareholder approval to appoint Ms. Chaitali Talele (DIN: 10392374) as Managing Director in the Executive Director category for a five-year term from 10 October 2025 to 9 October 2030. The resolution was approved with overwhelming support — 4,58,90,680 votes (99.99%) in favour and only 5,086 votes (0.01%) against, out of 4,58,95,766 votes polled (73.18% of total outstanding shares). The promoter group voted unanimously in favour, while 88.02% of the small public-shareholder votes cast were in favour and 11.98% against. Notably, the company has been under voluntary liquidation since 25 June 2021, making this management appointment unusual in context.
The appointment is a routine governance step and was passed with near-unanimous support, so the immediate market impact is likely neutral. Shareholders should note the unusual situation of a Managing Director being appointed at a company under voluntary liquidation, which may relate to ongoing wind-up administration rather than fresh business operations.