SAMBHVNSESambhv Steel Tubes LimitedMediumNeutral
Announced Mon, 23 Mar · 19:23 IST

Sambhv Steel Tubes Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot

Management Changes View source PDF

SAMBHV · price

Loading chart…

▲ 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
+5.2%1-day move
₹90.85
prior close
₹93.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3+0.1+0.5+0.2+5.2+2.6+0.2+10.4+11.1+23.5+31.6+29.8+18.4+23.4
Up moveDown movePending
AI summary

Sambhv Steel Tubes Limited has submitted the Scrutinizer's Report for a Postal Ballot conducted from February 19, 2026 to March 21, 2026. The single special resolution sought shareholder approval to appoint Mr. Sharad Chandak (DIN: 11100096) as an Independent Director of the Company. The resolution was passed with overwhelming majority — 177,956,616 votes (99.9985%) in favour versus just 2,638 votes (0.0015%) against. Promoters voted 100% in favour (146.28 million shares), public institutions voted 100% in favour (7.43 million shares), and public non-institutions voted 99.99% in favour (24.25 million shares). The scrutinizer, Mr. Rohtash Kumar Agrawal, Practicing Company Secretary, confirmed the voting was conducted in a fair and transparent manner.

Likely market impact

This is a routine governance disclosure confirming a new Independent Director has been formally appointed with near-unanimous shareholder support. No material impact on stock price is expected, though it strengthens the board's independent oversight function.