Postal ballot results: two special resolutions approved

Board & Shareholder Meetings View source PDF

SAHYADRI · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-2.7%1-day move

₹280.00

prior close

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base price

After-mkt

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5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————-2.7+1.4+2.1-0.7-0.8+3.4+0.2+4.3——

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AI summary

Sahyadri Industries postal ballot saw two special resolutions pass with 99.99% approval. Resolution 1 appoints Mr. Sunil Suratwala as Non-Executive Independent Director for 5 years. Resolution 2 re-appoints Mrs. Moushmi Shaha as Non-Executive Independent Director for another 5 years. Of 10,946,300 total shares, 7,827,676 votes were polled. 7,826,895 voted in favour, 781 against. Promoters voted 100% in favour.

Likely market impact

Both director appointments confirmed by shareholders. Minimal dissent shows strong support. No material impact expected on stock price.