Announced Thu, 25 Jun · 12:51 IST
Postal Ballot Result: Re-appointment of Independent Director Approved
Management Changes View source PDF
PARADEEP · price
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Price reaction · full curve 14 horizons · vs prior close
-0.8%1-day move
₹135.75
prior close
₹134.90
base price
In-mkt
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AI summary
Paradeep Phosphates shareholders approved the re-appointment of Mrs. Rita Menon as Non-Executive Independent Director and her continuation of directorship after age 75, via postal ballot. The special resolution passed with 84.21 percent votes in favour (70.07 crore shares) and 15.79 percent against (13.14 crore shares). Promoters voted 100 percent in favour, while public institutions were split at about 43 percent for and 57 percent against.
Likely market impact
Routine governance matter. Mrs. Rita Menon continues as Independent Director. No material business impact expected.