Outcome of Postal Ballot remote e-voting results and submission of scrutinizer report pursuant to Regulation 30, 44 other applicable provisions of SEBI(Listing Obligation and Disclosure ....
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Riddhi Siddhi Gluco Biols Limited announced the results of its postal ballot on August 11, 2025. Two ordinary resolutions related to transactions with Bluecraft Agro Private Limited (BAPL) were put to vote. Resolution 1 sought approval for material related party transactions involving investment in securities to be issued by BAPL, while Resolution 2 sought approval for material modification in an existing material related party transaction with BAPL. In both cases, the promoter and promoter group were marked as interested and did not cast votes. Of the 71,29,786 total outstanding shares, only 2,96,732 shares (4.16%) were voted, with 98.61% voting in favour and 1.39% against. Both resolutions were passed with overwhelming majority.
Shareholders have cleared the way for the company to proceed with its investment and modified transaction plans involving BAPL, a related party where promoters have a stake. The very low voting turnout (just 4.16%) is notable, but since promoters abstained due to being interested parties, the result reflects independent shareholder sentiment, which was strongly supportive.