Postal Ballot Outcome along with Scrutinizer''s Report.
Awaiting price reaction for this filing.
India Radiators Ltd conducted a postal ballot through remote e-voting (CDSL platform) from March 7, 2025 to April 5, 2025 to appoint three Independent Directors. All three special resolutions — the appointments of Mr. Alagappan Chandramouli, Ms. Sashikala Srikanth, and Mr. Govindarajan Dattatreyan Sharma as Non-Executive Independent Directors for a first term of 5 consecutive years (May 29, 2025 to May 28, 2030) — were passed with 100% approval. Out of 900,000 total outstanding shares, 395,984 votes (43.9982%) were polled, with all votes cast in favour and zero votes against. The promoter group (348,622 shares) and public non-institutional shareholders (47,362 shares) both voted 100% in favour. The scrutinizer was M/s. KRA & Associates, Practising Company Secretaries. The resolutions are deemed to have been passed on April 5, 2025.
The company has strengthened its board with three new independent directors, each appointed for a 5-year term starting late May 2025. Unanimous shareholder approval signals strong alignment between promoters and public shareholders on governance matters; however, the overall low voting turnout (~44%) is worth noting. No material financial impact on shareholders.