Outcome of Postal Ballot
Awaiting price reaction for this filing.
Foundry Fuel Products Ltd has announced the appointment of Mrs. Sneha Sharma as a Non-Executive Independent Woman Director through a postal ballot. The special resolution was passed with overwhelming shareholder approval (99.999% in favor) on April 9, 2026. The remote e-voting period ran from March 10 to April 8, 2026, with 7,567 shareholders on record. The appointment received support from both promoter and public shareholders, meeting the 3/4 majority threshold required for special resolutions.
The appointment strengthens the board's independence and ensures compliance with SEBI listing requirements for woman independent directors. This is a routine governance update with no immediate impact on stock valuation expected.