Rmc Switchgears Limited has informed the Exchange regarding Proceedings of Postal Ballot
RMC · price
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RMC Switchgears Limited conducted a postal ballot for appointing Mrs. Manisha Godara (DIN: 08116113) as an Independent Director. Shareholders voted overwhelmingly in favor with 50,35,711 votes (99.99%) against just 375 votes (0.01%). The resolution passed as a Special Resolution on May 24, 2026. Mrs. Godara has been appointed for a 5-year term from March 2, 2026 to March 1, 2031, and her office will not be liable to retire by rotation. She was previously serving as Additional Director (Non-Executive Independent) since March 2, 2026, and this appointment regularizes her position with full shareholder approval.
The near-unanimous shareholder approval (99.99%) signals strong confidence in the new independent director. This appointment strengthens the Board's independence and governance structure, which is generally viewed positively by investors. The company now has compliant board composition as required under Listing Regulations.