Poddar Pigments Limited has informed the Exchange regarding Proceedings of Postal Ballot
PODDARMENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Poddar Pigments Limited has announced the results of a Postal Ballot conducted to appoint Shri Visvanathan Muthukumar (DIN: 00584405) as an Independent Director of the Company. The Special Resolution was passed with the requisite majority on April 11, 2026, when the remote e-voting period concluded. Shri Muthukumar was previously appointed as Additional Director (Non-Executive Independent Director) effective February 27, 2026. His appointment as Independent Director is now confirmed for a term from February 27, 2026 to September 30, 2030, not liable to retire by rotation. The Company engaged Central Depository Services (India) Ltd for e-voting and appointed Mr. Akshit Kumar Jangid of M/s. Pinchaa & Co. as Scrutinizer.
The appointment of an Independent Director strengthens the Board's independence and governance structure. This is a routine corporate governance action that should have a neutral to slightly positive impact on shareholder confidence.