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Announced Mon, 2 Jun · 21:02 IST

Postal Ballot Scrutinizer''s Report and revised voting results

Board & Shareholder Meetings View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Inox Wind Limited has submitted revised voting results for a Postal Ballot Notice dated 29th April 2025, seeking shareholder approval to appoint Mrs. Urvashi Saxena (DIN: 02021303) as an Independent Director. E-voting ran from 1st May to 30th May 2025. Out of a total of 1,30,37,93,984 shares, 8,97,56,375 shares (68.84% of outstanding) were polled, with 80,84,77,214 votes (90.07%) in favour and 8,90,86,541 votes (9.93%) against. Promoter group voted unanimously in favour (100%), while public institutions showed mixed support with 66.07% in favour and 33.93% against. Public non-institutions overwhelmingly backed the appointment at 99.76%. The resolution has been passed as a Special Resolution, with the revision correcting an earlier error that had classified it as an Ordinary Resolution.

Likely market impact

This is a routine governance update — the appointment of an Independent Director has cleared with strong shareholder backing, particularly from promoters and retail shareholders. The minor classification correction (Ordinary to Special) reflects compliance cleanup rather than any change in substance, so no material impact on shareholders or the stock is expected.