Announced Tue, 7 Jul · 15:05 IST
Postal ballot approves Rajiv Malhotra as MD and CEO additional charge
Management Changes View source PDF
PFS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.1%1-day move
₹30.68
prior close
₹30.83
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.2-0.3-0.3—-0.1-0.3+0.1+1.1-1.2-2.2————
Up moveDown movePending
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.