Enclosed is the Scrutinizer''s Report for the Postal Ballot
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 conducted a postal ballot through remote e-voting (via NSDL) from March 11 to April 9, 2025, to seek shareholder approval for appointing Shri Harish Saran (DIN: 07670865) as Whole Time Director designated as Director (Marketing). A total of 1,336 valid voters cast 14.41 crore votes, of which 10.71 crore votes (74.31%) were in favour and 3.70 crore votes (25.69%) were against the resolution. The scrutinizer, Ashish Kapoor (Practicing Company Secretary), confirmed the ordinary resolution was passed with the requisite majority on April 9, 2025. The voting was conducted under Sections 108 and 110 of the Companies Act, 2013.
Shri Harish Saran's appointment as Director (Marketing) is now formally approved, giving the board its full intended leadership structure. However, the relatively high dissent of nearly 26% against a routine director appointment may signal some shareholder unease and is worth monitoring for governance perspective.