Announced Fri, 8 May · 12:25 IST

Outcome of Postal Ballot

Board & Shareholder Meetings View source PDF

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-2.4%1-day move

₹2.05

prior close

₹2.05

base price

In-mkt

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AI summary

PMC Fincorp Limited has announced the results of its postal ballot conducted via remote e-voting from April 7 to May 6, 2026. Shareholders voted on the appointment of Mr. Puneet Arora (DIN: 03056312) as Non-Executive Non-Independent Director. Out of 3.76 crore votes polled (5.27% of total shares), 99.96% voted in favor (3.75 crore votes) while only 16,006 votes were against (0.04%). The resolution was passed as an Ordinary Resolution with requisite majority. The company appointed A.K. Choudhary & Associates as the scrutinizer for the voting process, which concluded on May 6, 2026.

Likely market impact

The appointment of Mr. Puneet Arora as a Non-Executive Non-Independent Director adds a new member to the board. The near-unanimous shareholder approval (99.96%) suggests strong backing for the appointment with minimal opposition from public shareholders.