Declaration of results of Voting/ E-voting of Postal Ballot
RELINFRA · price
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Reliance Infrastructure has announced the results of its postal ballot conducted between May 31 and June 29, 2025. Two ordinary resolutions were approved by shareholders. The first resolution, appointing Shri Rajesh Kumar Dhingra as Non-Executive Non-Independent Director, passed with 99.21% votes in favour (18.37 crore shares for vs 14.66 lakh against). The second resolution, appointing Shri Vijesh Babu Thota as Executive Director, passed with 81.98% votes in favour (15.18 crore shares for vs 3.34 crore against). Promoter group (6.51 crore shares) voted 100% in favour of both resolutions. Notably, public institutional investors largely opposed the second resolution, with 83.71% voting against Thota's appointment as Executive Director.
Both director appointments are now confirmed, but the substantial institutional dissent (84% against) on the Executive Director appointment may signal governance concerns that retail investors should monitor closely. The overwhelming promoter support ensures both appointments stand, but the voting pattern reveals a clear divide between promoters and institutional shareholders on the executive appointment.