PTC Industries Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report.
PTCIL · price
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PTC Industries Limited announced the results of its Postal Ballot conducted via remote e-voting between April 18 and May 17, 2025. Shareholders approved a Special Resolution to appoint Mr. Rakesh Shukla (DIN: 10955746) as an Independent Director for a five-year term. Of the 1,04,16,831 votes polled (69.52% turnout out of 1,49,84,126 total shares), 96.39% voted in favour while only 3.61% voted against. Promoter group voted unanimously in favour, while public non-institutional shareholders showed 75.14% support. The scrutinizer's report was issued by Amit Gupta & Associates, Company Secretaries.
This is a routine corporate governance update with no material impact on shareholders or stock price. The new Independent Director appointment strengthens the board's composition, and the strong shareholder approval (96% in favour) signals broad consensus on the board nomination.