Outcome of Postal Ballot - Sarthak Global Limited
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Sarthak Global Limited declared the results of a Postal Ballot conducted via remote e-voting between March 23 and April 21, 2025. The single Special Resolution sought approval for the re-appointment of Mr. Sunil Gangrade (DIN: 00169221) as Whole-Time Director along with the fixation of his remuneration. Out of 508 shareholders on the record date holding 30,00,000 shares, 20,67,890 votes (68.93% of outstanding shares) were polled, and the resolution was passed with overwhelming support. Nearly 100% of valid votes (20,67,888 shares) were cast in favour, with only 2 shares voted against. Both promoter and promoter group (16,31,600 shares, 100%) and public non-institutional shareholders (4,36,288 of 4,36,290 polled) voted unanimously in favour. Scrutinizer CS Amit Jain of Amit Preeti & Associates certified the e-voting process as fair and transparent.
This is a routine corporate governance approval with virtually no dissenting votes, reflecting strong shareholder consensus on the existing leadership. No meaningful impact on share price is expected, as the reappointment was effectively uncontested.