Please find enclosed herewith scrutinizer''s report of Postal Ballot ended on July 11, 2025
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Awaiting price reaction for this filing.
Rudra Ecovation Limited (formerly Himachal Fibres Limited) announced the results of its Postal Ballot that ended on July 11, 2025. All three special resolutions put to vote were NOT passed. The resolutions were: (1) Regularisation and change in designation of Mr. Akhilesh Kumar Tiwari from Additional Executive Director to Executive Director & CEO along with his remuneration, (2) Approval/ratification of material related party transaction with Shiva Texfabs Limited, and (3) Approval/ratification of material related party transaction with Yogindera Worsted Limited. Each resolution received 73,294 votes in favour (52.99%) and 65,012 votes against (47.01%), falling short of the 75% threshold required for special resolutions. Notably, promoter and promoter group (holding 15,791,500 shares) did not vote on any resolution. Total shares outstanding stand at 11.43 crore with 14,816 shareholders on record date. The scrutiniser was Ansh Bhambri of Bhambri & Associates.
Shareholders rejected a key board appointment (CEO elevation of Mr. Akhilesh Kumar Tiwari) and two material related party transactions with Shiva Texfabs and Yogindera Worsted, signalling shareholder dissent on management proposals and related-party deals. Promoters abstaining entirely from voting is unusual and may create governance uncertainty. Negative signal for the stock, especially given the RPT rejections.