Ponni Sugars (Erode) Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
PONNIERODE · price
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Ponni Sugars (Erode) Limited has submitted the voting results of a Postal Ballot conducted via remote e-voting from 26 February 2026 to 27 March 2026. The single special resolution was for the re-appointment of Mr. Ramanathan Narayanan (DIN: 00001033) as Managing Director. Out of a total of 85,98,418 outstanding shares, 40,94,893 votes (47.62%) were polled, of which 40,93,407 votes (99.964%) were in favour and only 1,486 votes (0.036%) were against. Promoter and Promoter Group voted 100% in favour with all 40,70,216 shares, while public non-institutions saw 93.98% in favour. The scrutinizer's report by Practicing Chartered Accountant A.S. Kalyanaraman confirmed the resolution was passed with the requisite majority.
The re-appointment of the Managing Director has been approved with overwhelming shareholder support, providing continuity in leadership. This is a routine corporate governance outcome and is unlikely to have a material impact on the stock price, though it confirms promoter confidence in the existing management.