Special resolution for appointment of Independent Director is passed with majority details attached in pdf
SRD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shankar Lal Rampal Dye-Chem Limited has announced results of a postal ballot where shareholders approved the appointment of Mr. Sumit Jain as an Independent Director for a 5-year term from 9th April 2026 to 8th April 2031. The resolution was passed as a Special Resolution with overwhelming approval — 53,511,795 votes in favour against only 12 votes against out of 53,511,807 total valid votes cast. Promoters and public institutional investors voted 100% in favour, while public non-institutional shareholders voted 99.9998% in favour. The voting was conducted via NSDL e-voting platform between 17th April and 16th May 2026, with the scrutinizer's report dated 18th May 2026 confirming the resolution was carried with requisite majority.
The appointment strengthens the company's board with an additional independent director, which is positive for corporate governance. The near-unanimous shareholder approval indicates strong support for the appointment and is unlikely to have any immediate negative impact on the stock.