Outcome of Postal Ballot
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Sharika Enterprises Limited conducted a postal ballot to seek shareholder approval for the appointment of Mr. Tej Kishen Wali (DIN: 02413663) as an Independent Director through a Special Resolution. The e-voting period ran from February 5, 2026 to March 6, 2026, with 13,395 shareholders on record. Out of a total 43,300,000 shares, 28,598,270 votes (66.05%) were polled, of which 28,284,070 votes (98.9%) were in favor and 314,200 votes (1.1%) were against the resolution. Promoter group voted unanimously in favor with all 28,228,453 shares, while public non-institutional shareholders showed dissent with 84.96% voting against the appointment. The scrutinizer, Aditya Sharma of Aditya S & Associates, confirmed the resolution was passed with the requisite majority.
The appointment of a new Independent Director is now formally approved and effective. While the resolution passed easily due to strong promoter support, the significant opposition from public non-institutional shareholders (nearly 85%) may signal concerns about board composition and could draw attention from minority shareholders and governance watchers.