Shanti Overseas (India) Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
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Shanti Overseas (India) Limited has submitted the Scrutinizer's Report for its Postal Ballot concluded on June 14, 2025. All four special business resolutions were passed with an overwhelming 99.99% majority (only 1 vote against out of 11,36,820 votes polled). The resolutions include regularization of Mr. Manish Dubey as Managing Director and Chairman, and appointment of three new directors – Ms. Tejal Vaze and Mr. Digvijay Singh as Independent Directors, and Mr. Ashish Kumar Naik as Non-Executive Director. Notably, only about 10.24% of the total 1,11,06,000 outstanding shares were voted, and promoter shareholders (holding 7,25,920 shares) did not participate in the e-voting. The report was issued by Practicing Company Secretary Mr. Mihen Halani on June 17, 2025.
The postal ballot formalizes a near-complete board restructuring, giving the company a new Managing Director/Chairman and three additional directors. With promoters abstaining and only ~10% public participation, shareholder engagement appears thin, but the results are decisive and the appointments are now effective.