Postal Ballot: 4 resolutions passed including new MD appointment and director pay hikes
SAMBHV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.7 pts less than Nifty Microcap 250 and 2.0 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Sambhv Steel Tubes has announced voting results of its postal ballot dated June 9, 2026. All four special resolutions were passed with the required majority. These include appointment of Bikash Agrawal as Executive Director, change in designation and appointment of Suresh Kumar Goyal as Chairman and Managing Director, and revision in remuneration for Executive Directors Saurabh Patil and Bhavesh Khetan. Total 71,798 shareholders were eligible. About 65.53 percent of outstanding shares were polled, with 98.5 percent voting in favour overall. Voting ran from June 11 to July 10, 2026.
Confirms shareholder approval for new executive appointments and higher pay for two directors, signalling strong promoter and investor backing for the management team.