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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Paradeep Phosphates Limited announced results of a postal ballot conducted in April 2026. Three special resolutions were passed with shareholder approval: (1) Re-appointment of Mr. N Suresh Krishnan as Managing Director with 98% shareholder approval, (2) Appointment of Mr. K K Rajeev Nambiar as Joint Managing Director with 91.1% approval (though institutional investors showed 32.8% opposition), and (3) Appointment of Mr. Marco Philippus Ardeshir Wadia as Non-Executive Independent Director with 85.3% approval (institutional investors voted 54.3% against due to his age exceeding 75 years). All three resolutions passed with requisite majority under SEBI LODR regulations.
The appointments strengthen the company's leadership structure. Strong promoter support (100% in favor across all resolutions) ensured passage despite mixed institutional investor sentiment, particularly for the independent director appointment.