SBI Cards and Payment Services Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
SBICARD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SBI Cards announced the voting results of a postal ballot conducted between June 11 and July 10, 2025, to appoint Mr. Shamsher Singh (DIN: 09787674) as a Nominee Director. Out of 813,564 total shareholders on the cut-off date (June 6, 2025), 3,422 shareholders participated via remote e-voting, casting 883,359,118 valid votes. The resolution was passed overwhelmingly with 99.9478% votes in favour and only 0.0522% against. The promoter group (SBI) voted 100% in favour with 652,633,992 shares, while public institutions voted 99.80% in favour and public non-institutions voted 99.71% in favour. The scrutinizer, Mr. Vineet K Chaudhary of VKC & Associates, confirmed the resolution was approved with the requisite majority.
This is a routine board appointment by the promoter (SBI), adding a nominee director to represent the parent company's interests. The near-unanimous approval indicates strong shareholder support and no governance concerns, with minimal expected impact on the stock price.