Outcome of Postal Ballot along with Voting Results
SHARDUL · price
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Shardul Securities Ltd has announced the results of a postal ballot conducted via remote e-voting between January 10, 2026 and February 8, 2026. All three resolutions were passed with the required majority. Resolution 1 was a special resolution to appoint Mr. Gyanchand Pipara (DIN: 01773749) as an Independent Director, approved with 100% votes in favour (4.51 crore shares). Resolution 2 was a special resolution to appoint Ms. Anshu Agarwal (DIN: 08337608) as an Independent Director, also approved with 100% votes in favour (4.51 crore shares). Resolution 3 was an ordinary resolution for the re-appointment and remuneration of Ms. Daya Bhalia (DIN: 07049483) as Whole-time Director/Executive Director, approved with 99.99% votes in favour (4.51 crore shares), with only 5,000 shares voted against. Total voting turnout was 51.51% of the company's 8.75 crore outstanding shares, with 7,337 shareholders on the record date.
All resolutions were approved with overwhelming support, including 100% backing for the two new Independent Director appointments, indicating strong shareholder confidence in the board composition. The near-unanimous approval of the Executive Director's re-appointment and remuneration suggests minimal governance concerns from shareholders. The results are procedural and unlikely to have a material impact on the stock price.