Postal ballot approves Rajiv Malhotra as MD and CEO additional charge

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Nifty Microcap 250market · in no size index; the smallest one is used-0.7%+0.4% vs market

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On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 0.3 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Shareholders approved the appointment of Shri Rajiv Malhotra (DIN:02383396) as Managing Director and CEO (Additional Charge) through postal ballot with 99.98 percent votes in favour. Out of about 45.05 crore valid votes polled (70.15 percent of outstanding shares), only 1.10 lakh votes were against the resolution. The e-voting ran from June 7 to July 6, 2026. Promoter and promoter group voted fully in favour.

Likely market impact

Near-unanimous shareholder approval smooths the CEO leadership transition, with limited dissent from public non-institutional holders.