Paradeep Phosphates Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
PARADEEP · price
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Awaiting price reaction for this filing.
Paradeep Phosphates Limited has submitted the voting results and scrutinizer's report for a postal ballot concluded on April 16, 2025. The single resolution was the re-appointment of Mr. Subhrakant Panda (DIN: 00171845) as a Non-Executive Independent Director, passed as a Special Resolution. Out of 815,210,093 total outstanding shares, 674,482,023 shares (82.74%) were polled, with 98.82% voting in favour and only 1.18% against. Promoters voted unanimously in support (100% of their 456,942,507 shares), public institutions approved at 96.35%, and public non-institutions at 93.18%. The scrutinizer Shivaram Bhat confirmed the e-voting process complied with all SEBI and MCA requirements.
This is a routine procedural filing confirming the re-appointment of an existing independent director with overwhelming shareholder support. No material impact on stock price or shareholders is expected, as it simply ratifies board continuity.