Outcome of Postal Ballot
PALASHSECU · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Palash Securities Ltd has announced results of its Postal Ballot conducted via remote e-voting from April 25 to May 24, 2026. Two ordinary resolutions were passed with overwhelming shareholder approval. Mr. Suraj Kumar Agrawal (DIN: 03260442) was appointed as Director (99.98% in favor, 1,124 votes against out of 7.35 million total votes) and subsequently as Managing Director for a 3-year term (99.84% in favor, 12,124 votes against). Total voter turnout was 73.49% of outstanding shares (7.35 million out of 10 million). Scrutinizer Mr. Mohan Ram Goenka certified the resolutions passed with requisite majority. The effective date of passing is May 24, 2026.
The appointment of Suraj Kumar Agrawal as Managing Director represents a routine board succession and leadership planning. Near-unanimous approval (~99.8%) signals strong promoter and public shareholder confidence. Minimal dissent indicates no governance concerns. No material impact expected on stock price as this is standard corporate succession.