Announced Thu, 2 Jul · 11:19 IST
EGM Results: Two Independent Director Appointments Approved
Board & Shareholder Meetings View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+4.5%1-day move
₹0.22
prior close
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base price
In-mkt
timing
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AI summary
Shangar Decor Limited held an EGM on June 30, 2026 via video conferencing. Both resolutions passed with overwhelming majority. Resolution 1: Appointment of Mr. Darshil Hemendrakumar Shah as Independent Director passed with 99.13 percent votes in favor (1,57,40,264 of 1,58,78,205 valid votes). Resolution 2: Appointment of Mr. Konark Patel as Independent Director passed with 99.67 percent in favor (1,58,26,264 votes). Only 60 members voted in total.
Likely market impact
Both independent director appointments approved with near-unanimous shareholder support, indicating strong governance acceptance.