Outcome of Postal Ballot - Declaration of Voting Results and Scrutinizer Report.
Awaiting price reaction for this filing.
Mideast Integrated Steels Limited (MESCO STEEL, BSE: 540744) conducted a postal ballot to seek shareholder approval for appointing Mr. Harsh Kumar (DIN 00145653) as a Non-Executive Independent Director. Remote e-voting ran from July 23, 2025 to August 21, 2025. Of the 13.79 crore total outstanding shares, 7.37 crore (53.43%) were polled. The resolution was passed overwhelmingly with 7.36 crore votes (99.97%) in favour and just 26,102 votes (0.04%) against. The promoter group, holding 7.39 crore shares, voted 100% in favour. Among public non-institutional shareholders who voted, 64.80% voted in favour and 35.20% against, though their turnout was very low at 0.116%. The Scrutinizer (Tripti Shakya & Company) confirmed the resolution was approved with the requisite majority. Note: The voting results table classifies this as a Special Resolution, while the Scrutinizer's Report labels it an Ordinary Resolution — a minor inconsistency in the filing.
This is a routine corporate governance and board-composition matter with no direct financial or operational impact. Shareholder approval of an independent director strengthens board oversight; no material share-price movement is expected from this filing.