Results of Postal Ballot Notice dated 22nd May 2025
Awaiting price reaction for this filing.
Grasim Industries announced results of its postal ballot on 27th June 2025, with all five resolutions approved by shareholders. Mr. Himanshu Kapania (DIN: 03387441) was appointed as Director with 94.21% votes in favour and as Managing Director with 95.22% votes in favour. Payment of remuneration to former Managing Director Mr. Harikrishna Agarwal (DIN: 09288720) was approved with 98.89% support. Material related party transactions with Hindalco Industries and AV Group NB Inc., Canada were also approved with 99.82% votes in favour. Promoter and promoter group voted 100% in favour across all resolutions.
Shareholders have greenlit a leadership change at Grasim with a new Managing Director taking charge, signalling a transition at the top. The high approval margins for related party transactions with group company Hindalco suggest smooth shareholder backing for inter-group deals, with no significant dissent.