Palash Securities Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
PALASHSECU · price
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Palash Securities Limited has disclosed the results of its postal ballot voting conducted from April 25 to May 24, 2026. Two ordinary resolutions were passed with overwhelming shareholder approval. Mr. Suraj Kumar Agrawal was appointed as Director (99.98% in favour) and subsequently as Managing Director for a term of 3 years (99.84% in favour). The voting saw participation from 47 shareholders representing 73.49% of total shares (7.35 million out of 10 million). Promoter group held 72.2% stake and voted unanimously in favour. A small portion of public non-institution shareholders dissented, with 1,124 votes against the director appointment and 12,124 against the managing director appointment.
The resolutions were passed with near-unanimous approval, indicating strong shareholder support for the new leadership. No material concern for investors as this represents a routine appointment of key managerial personnel. The company's governance structure remains stable.