RSWM Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
RSWM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
RSWM Limited announced the results of its postal ballot conducted via remote e-voting between February 25 and March 26, 2026. Two special resolutions were put to vote. The first resolution, re-appointment of Shri Riju Jhunjhunwala as Managing Director, was approved with 98.40% of votes in favour (2.55 crore shares) and only 1.60% against (4.16 lakh shares). The second resolution, revision in remuneration of Shri Rajeev Gupta as Joint Managing Director, received even stronger support with 99.64% in favour (2.73 crore shares) and just 0.36% against (98,027 shares). Out of 28,399 total shareholders on record date, only 167 members cast votes for the first resolution and 171 for the second. The scrutinizer was Mahesh Gupta & Co., Company Secretaries, and both resolutions passed with the requisite majority.
Both special resolutions cleared with overwhelming shareholder approval, confirming the re-appointment of Riju Jhunjhunwala as Managing Director and approving higher pay for Joint Managing Director Rajeev Gupta. The strong 'for' vote (over 98% on both items) suggests minimal shareholder dissent on management continuity and compensation, which is neutral to mildly positive for corporate governance stability.