Rama Phosphates Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
RAMAPHO · price
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Rama Phosphates Limited has announced the results of a postal ballot conducted through remote e-voting from March 3 to April 1, 2026. The single resolution sought shareholder approval for re-appointing Mr. Ratneshwar Prasad as an Independent Director for a second term of 5 years, from May 30, 2026 to May 29, 2031. A total of 26,598,718 votes were cast, representing 75.17% of the outstanding shares. The resolution passed overwhelmingly with 99.99% votes in favor (26,597,358 votes) and only 0.01% against (1,360 votes). Promoter shareholders voted 100% in favor, while public shareholders approved with 97.71% in favor. The Special Resolution was validated by Scrutinizer Sanjay R. Dholakia.
This is a routine corporate governance matter with no material impact on the stock. The overwhelming shareholder approval (99.99%) for Mr. Ratneshwar Prasad's re-appointment signals continued board stability and confidence in the independent director.