Postal Ballot- Voting Results
Awaiting price reaction for this filing.
Inox Wind Energy Limited (NSE: IWEL, BSE: 543297) has announced the results of its postal ballot conducted via remote e-voting from May 1 to May 30, 2025. The single resolution was the re-appointment of Ms. Vanita Bhargava (DIN: 07156852) as an Independent Director, which was passed as a Special Resolution. Out of 88,29,910 valid votes cast, 85,67,498 votes (97.03%) were in favour and only 2,62,412 votes (2.97%) were against. All promoter group votes (83,73,707 shares, 100%) were in favour. Among public institutions, 40.72% voted in favour and 59.28% against, while public non-institutions overwhelmingly supported the resolution at 99.89% in favour. The resolution was deemed passed on May 30, 2025, and the results have also been posted on the company's website.
The re-appointment of the Independent Director has been approved with overwhelming shareholder support, with no disruption to board composition. This is a routine governance outcome and is unlikely to have any meaningful impact on the stock price.