Postal Ballot Results: Two Special Resolutions Passed With Overwhelming Majority

Board & Shareholder Meetings View source PDF

PDMJEPAPER · price

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AI summary

Pudumjee Paper Products has submitted postal ballot voting results. Two special resolutions were passed with over 99.99 percent approval from shareholders. First, appointment of Mr. Anil Shankarlal Mittal as Non-Executive Independent Director got 6,87,72,814 shares in favor (99.996 percent) against 2,832 shares opposed. Second, alteration of Clause 3(b) of the Memorandum of Association got 6,87,73,189 shares in favor (99.996 percent) against 2,457 shares opposed. Promoters voted 100 percent in favor of both. Voting was conducted via remote e-voting from June 12 to July 11, 2026.

Likely market impact

New independent director onboarded and MoA amended, both with near-unanimous shareholder backing. Routine governance update with negligible stock price impact expected.