Submision of Scrutinizer Report and Voting Results
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Polo Queen Industrial and Fintech Ltd conducted a Postal Ballot via remote e-voting from April 5 to May 4, 2025, and both special resolutions were passed with overwhelming majority. Resolution 1, the re-appointment of Ms. Feroza Jamsheed Panday as Independent Director for a second 5-year term, was approved with 99.9987% of votes in favor (10.55 crore shares) against just 1,404 votes against. Resolution 2, approval of a material related party transaction with Sanghai Holdings Private Limited, was approved with 99.9508% of valid votes in favor (29.76 lakh shares). For Resolution 2, the promoters' 10.25 crore shares were excluded from voting as they own 100% of Sanghai Holdings, so only public shareholders' votes counted. The Scrutinizer (Dipti Nagori & Associates) confirmed the process was conducted fairly and transparently.
Both resolutions cleared comfortably, so Ms. Feroza Jamsheed Panday continues as Independent Director for another five years and the related party transaction with Sanghai Holdings is now formally approved. The near-unanimous support — especially from public shareholders on the RPT — signals strong shareholder confidence and removes governance uncertainty around the transaction.