Outcome of Postal Ballot
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sayaji Hotels (Indore) Limited announced the results of its postal ballot on 23 April 2025, with voting conducted electronically between 24 March and 22 April 2025. Two special resolutions were passed with overwhelming shareholder approval of 99.9985% in favor. Resolution 1 approved the appointment of Mr. Saquib Salim Agboatwala (DIN: 06611639) as a Non-Executive Independent Director, while Resolution 2 approved the appointment of Mrs. Preeti Gupta (DIN: 06337730) as a Non-Executive Independent Woman Director. Total valid votes polled stood at 15,63,805 out of 30,46,605 outstanding shares, representing 51.33% participation. Promoters voted 100% in favor and public non-institutional shareholders voted 99.99% in favor, with only 24 votes against each resolution.
Both independent director appointments have been formally cleared by shareholders, strengthening the company's board composition and bringing it into compliance with SEBI's requirement for independent directors, including a woman independent director. The near-unanimous approval signals strong shareholder confidence in the board's choices with no material dissent.