Shilchar Technologies Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
SHILCTECH · price
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Shilchar Technologies has announced the results of a postal ballot conducted via remote e-voting from February 5 to March 6, 2026. All four resolutions were passed with overwhelming shareholder support of approximately 99.99% in favor. The resolutions included the appointment of Mr. Aatman Alay Shah (DIN: 06886862) as a Director and as Whole-Time Director, the appointment of an Independent Director, and an increase in remuneration for existing Whole-Time Director Mr. Aashay Alay Shah (DIN: 06886870). A total of 120 shareholders participated in the e-voting, casting 72,57,800 shares, out of 45,578 total shareholders on the cut-off date of January 30, 2026. The scrutinizer was Kashyap Shah of Kashyap Shah & Co., Practising Company Secretaries.
The appointment of Aatman Alay Shah, who shares the 'Alay Shah' family name with existing Whole-Time Director Aashay Alay Shah, signals a family member joining the board, which may increase promoter family influence over the company. The near-unanimous approval shows strong shareholder backing for these governance changes, and the increased remuneration for the existing WTD will raise fixed costs going forward.