Sagardeep Alloys Limited has submitted the Exchange a copy of Srutinizers report of Postal Ballot along with a copy of minutes.
SAGARDEEP · price
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Sagardeep Alloys Limited has filed the voting results of a postal ballot conducted via remote e-voting, with results declared on August 15, 2025. Two resolutions were put to shareholders: (1) Special Resolution to appoint Mr. Amit Soni (DIN: 11186195) as Independent Director, which passed with 1,26,33,629 votes (100%) in favour and just 200 votes against, and (2) Ordinary Resolution to appoint Mrs. Sangita Satishkumar Mehta (DIN: 03388025) as Non-Executive Non-Independent Director, which passed with 1,26,33,729 votes (100%) in favour and 100 votes against. Promoter group holding 1,26,29,980 shares (about 74% of total 1,70,57,400 outstanding shares) voted entirely in favour of both resolutions. Public shareholders also strongly supported both appointments, with 94.80% and 97.40% voting in favour respectively.
Both board appointments have been formally approved by shareholders with overwhelming majority support, giving the company a clear mandate for its expanded board composition. The near-unanimous promoter backing and strong public support suggest no governance concerns, though the new directors will now shape future board decisions.