PDS Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
PDSL · price
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Awaiting price reaction for this filing.
PDS Limited has announced the results of its postal ballot conducted via remote e-voting from April 1 to April 30, 2025. Two special resolutions were approved by shareholders with overwhelming majority. Resolution 1, allowing promoter Dr. Deepak Kumar Seth to continue as Non-Executive Non-Independent Director beyond age 75, was passed with 99.95% votes in favour (9,37,55,309 votes for vs 42,626 against). Resolution 2, approving the grant of 1,25,000 Employee Stock Options to Mr. Parth Gandhi, Non-Executive Non-Independent Director, under the ESOP Plan 2021 – Plan B, was passed with 99.98% votes in favour (9,37,77,837 votes for vs 20,098 against). Total votes polled stood at 66.40% of outstanding shares, with promoters holding 86,799,430 shares voting entirely in favour of both resolutions.
Routine governance matter with both resolutions passed by a strong shareholder mandate. The ESOP grant to a non-executive director is a minor dilution event but unlikely to move the stock. Continuation of the promoter director past 75 ensures leadership stability.