Pidilite Industries Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
PIDILITIND · price
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Pidilite Industries has announced the results of a postal ballot conducted to seek shareholder approval for the appointment of Dr. Naushad Forbes (DIN: 00630825) as an Independent Director of the company. The e-voting window ran from February 11, 2026 to March 12, 2026, and the resolution was deemed passed on March 12, 2026. Out of 1,01,77,14,032 total outstanding shares, 88,83,01,958 shares (87.28%) were polled, of which 87,41,30,078 votes (98.40%) were cast in favour and only 1,41,71,880 votes (1.60%) against. Promoters voted 100% in favour, while public institutions voted 92.82% in favour and public non-institutions 97.64% in favour. The scrutinizer, Mitesh Dhabliwala of Parikh & Associates, confirmed the special resolution was passed with the requisite majority.
This is a routine corporate governance update confirming shareholder approval for a new independent director. The overwhelming margin of support (over 98%) is unlikely to have any material impact on the stock price but strengthens board independence with the addition of an experienced director.