The details of revised evoting and scrutinizers report for the special businesses mentioned in the postal ballot notice dated 12/02/2026 are submitted hereby
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shish Industries has submitted the revised e-voting results and scrutinizer's report for 5 special businesses put to vote via postal ballot, which closed on March 16, 2026. The company has 30,117 shareholders holding a total of 38.19 crore equity shares. All 5 resolutions passed with overwhelming support: (1) Material Related Party Transactions with Interstar Polyfab (99.97% in favour), (2) Revision in remuneration of Executive Director Mrs. Nitaben Maniya (99.99%), (3) Re-appointment of Independent Director Mr. Nareshkumar Lakhani (99.99%), (4) Loan/guarantee to Shish Advanced Composites (SACPL) under Section 185 (99.99%), and (5) Material Related Party Transactions with SACPL (99.97%). Notably, promoters holding about 23.13 crore shares abstained from voting on the 2 related party transaction resolutions (1 and 5) where they were interested, leaving only public non-institutions to decide — who still approved them with about 2.13 crore votes in favour.
All resolutions sailed through, including potentially sensitive ones like related party transactions and a Section 185 loan to a related entity, which were approved solely by public non-institutional shareholders (only ~14% of the public float voted). The huge promoter abstention on RPTs is worth watching, though minority approval means these transactions are now cleared. Minor shareholders should keep an eye on the terms of the RPTs with IPPL and SACPL and the revised director remuneration, as these directly affect cash flows going out of the company.