PTC India Limited has informed the Exchange regarding Proceedings of Postal Ballot exercise concluded on 20th March 2026. Further, the company has submitted the Exchange a copy of Scrutinizers report along with voting results.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
PTC India Limited concluded a postal ballot exercise on 20th March 2026, with 7 resolutions put to shareholders via e-voting. Out of 2,75,770 total shareholders, about 14.8 crore shares (50% of outstanding equity) were polled. Four resolutions passed comfortably with over 99% support, including changing the definition of 'Promoters' in the Articles of Association, alterations to Articles 117 and 178, and a change in the designation/terms of appointment of CMD Dr. Manoj Kumar Jhawar. However, three special resolutions — amendments to Articles 113, 129, and 133 — failed because they fell short of the 75% threshold needed for special resolutions, securing only around 55.9% in favor. Public institutional investors voted overwhelmingly against these three changes (about 65% against, 35% in favor), while promoters (16.2% stake) and retail public shareholders backed them. Promoters were marked as interested in the three failed resolutions as well as the promoter-definition change.
Mixed outcome for shareholders — the failed Article amendments show meaningful pushback from large institutional investors, which could limit the board's flexibility on certain governance matters going forward. The CMD's revised terms and the approved Articles changes do go through. Expect mild negative sentiment given the institutional dissent, though the broader Articles overhaul was largely approved.