Postal Ballot- Voting Results
Awaiting price reaction for this filing.
Inox Wind Energy Limited announced the results of its postal ballot conducted via remote e-voting from May 1 to May 30, 2025. The single special resolution on the ballot was to re-appoint Ms. Vanita Bhargava (DIN: 07156852) as an Independent Director. Of 88,29,910 valid votes cast, 97.03% (85,67,498 votes) were in favour and just 2.97% (2,62,412 votes) were against. Promoters voted 100% in favour using their full holding of 83,73,707 shares, while public institutions were more divided — 40.72% in favour and 59.28% against on the 4,42,673 shares they polled. The resolution was declared passed with the requisite majority on May 30, 2025, with no invalid votes recorded.
This is a routine corporate governance outcome with near-unanimous promoter support and should have no material effect on the stock price. It simply ensures board continuity by re-appointing an existing Independent Director.