Sai Life Sciences Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
SAILIFE · price
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Sai Life Sciences Limited announced the results of its postal ballot concluded on June 16, 2025, with all six resolutions passed by shareholders. The two ESOP-related resolutions (ratification of ESOP Scheme 2008 and Management ESOP Scheme 2018, and their extension to subsidiary/group company employees) each received 84.55% support, with about 15.45% dissent. The appointment of Dr. Dinesh V Patel as Independent Director was approved with 99.69% support, and Mr. Sivaramakrishnan Chittor as Whole-Time Director with 96.35% support. Voting was conducted via remote e-voting, with roughly 90% of the 20.85 crore outstanding shares being polled. The company had 134,645 shareholders on the record date of May 9, 2025.
Shareholders have approved the ratification of the company's existing ESOP schemes and the appointment of a new Independent Director and Whole-Time Director, providing governance continuity. The meaningful dissent (~15%) on the ESOP resolutions is worth noting, but overall the results are procedural and unlikely to materially move the stock price.