Radiant Cash Management Services Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
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Radiant Cash Management Services conducted a postal ballot (remote e-voting) from February 26 to March 27, 2026, to get shareholder approval for a material related party transaction with Radiant Protection Force Private Limited (RPF), in which the promoter group is interested. Out of 48,138 shareholders holding 10.67 crore shares, only 53.06 lakh votes (4.97% of outstanding shares) were polled, with 80.89% voting in favour and 19.11% against. The promoter group (holding 6.07 crore shares) did not participate in the voting due to their interest in the resolution. The resolution was passed with the required majority and the scrutinizer submitted the report on March 28, 2026. Notably, public institutions voted 85% against the proposal, while public non-institutions voted 99.93% in favour.
The company can now proceed with material related party transactions with RPF. However, the strong dissent from institutional investors (85% against) and the low overall voting turnout may raise minor corporate governance concerns, even though the resolution technically passed.