Postal Ballot: Independent Director reappointed, new Director appointed
SHALPAINTS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shalimar Paints shareholders approved two resolutions via postal ballot (ended June 13, 2026). 1) Reappointment of Mr. Atul Rasiklal Desai as Independent Director for a second 3-year term passed with 99.978% votes in favour. 2) Appointment of Mr. Abhijeet Jhawar as Director passed with 99.978% in favour. Promoters (holding 6.23 crore shares) voted 100% in favour. Public non-institutions showed ~35% dissent on both resolutions. Voting turnout was 74.56% of outstanding shares.
Continuity on board with reappointed independent director; new director joins. High promoter-backed approval but notable retail dissent (~35%) on both resolutions.