Enclosed are the voting results, report of Srcutinizer and summary of postal proceedings
PTC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
PTC India Ltd conducted a postal ballot (e-voting) from March 11 to April 9, 2025, to appoint Shri Harish Saran (DIN: 07670865) as Whole Time Director designated as Director (Marketing). The resolution was passed with the requisite majority, receiving 74.31% of votes in favour (10.71 crore shares) and 25.69% against (3.70 crore shares), with 48.68% of total outstanding shares participating in the vote. Promoters voted 100% in favour (4.80 crore shares), while public institutional shareholders were split (61.72% in favour vs 38.28% against) and public non-institutional shareholders also showed a close divide (56.05% in favour vs 43.95% against). The scrutinizer (Ashish Kapoor & Associates) confirmed the resolution's approval on April 10, 2025.
The director appointment is formally approved, with the new Director (Marketing) set to join the board. While the resolution passed comfortably, the notable 25.69% dissent — particularly from public institutional investors — suggests some shareholder reservations. This is largely a routine governance matter with no direct material impact on the stock price.