Scrutinizer Report and Voting Results of Extra-Ordinary General Meeting held on held on 12/02/2026.
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PBA Infrastructure held an Extra-Ordinary General Meeting on February 12, 2026 via video conferencing, where shareholders approved the appointment of Mr. Suresh Kumar Sunderlal Bothra (DIN: 01191661) as Managing Director for a 2-year term (November 13, 2025 to November 12, 2027). As Mr. Bothra is about 85 years old, this required a Special Resolution under Section 196(3)(a) of the Companies Act and Regulation 17(1A) of SEBI LODR. The resolution was passed with near-unanimous approval: 34,318 votes in favour versus just 2 votes against (99.99% in favour). Only 49 members cast votes out of 10,995 shareholders on the cut-off date, representing a very low turnout of about 0.25% of the 1.35 crore outstanding shares.
The appointment brings in an 85-year-old as Managing Director, which required special shareholder approval due to age-related SEBI norms — investors should note the governance signal. The extremely low voting turnout (0.25% of shares) means the result reflects only a tiny fraction of the shareholder base, though no opposition was recorded.