Postal Ballot Voting Results- Scrutinizer Report
Awaiting price reaction for this filing.
Inox Wind Energy Limited announced the results of a Postal Ballot conducted through 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, passed as a Special Resolution. Out of 17,797 shareholders on the record date (April 25, 2025), a total of 88,29,910 valid votes were polled, with 97.03% voting in favour and 2.97% against. Promoters voted 100% in favour with 83,73,707 shares, while Public Institutions showed notable dissent with 59.28% voting against (out of 4,42,673 polled). Public Non-Institutions overwhelmingly supported the resolution at 99.89%. The scrutinizer's report was issued by Samdani Shah & Kabra, Company Secretaries, on June 2, 2025.
The re-appointment of the Independent Director has been approved with strong overall support (97%), though significant dissent from institutional public shareholders (nearly 60% opposed) may raise governance concerns. The passing of the special resolution ensures continuity on the board, but the institutional pushback is worth noting for shareholders monitoring board independence.