We attached herewith the copy of scrutiniser report and voting results in the prescribed format in respect of special businesses proposed in the notice of postal ballot dated April 01, 2025.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shish Industries has declared the results of its postal ballot (notice dated April 1, 2025), with all four special businesses approved by shareholders. The resolutions covered: (1) change in designation of Mr. Rameshbhai Kakadiya from Whole-time Director to Non-Executive Director, (2) approval of a material related party transaction with Interstar Polyfab Private Limited (IPPL), (3) appointment of Ms. Shital Tamakuwala as Women Non-Executive Independent Director, and (4) revision in remuneration of Chairman and Managing Director Mr. Satishkumar Dayabhai Maniya. Resolutions 1 and 3 passed with 99.9976% votes in favour (about 23.29 crore shares), Resolution 2 passed with 99.7612% (promoters abstained due to their interest in the RPT), and Resolution 4 on CMD remuneration passed with 99.9863% approval with the highest dissent of 31,992 votes. Total shareholders on record date were 30,976, and the scrutinizer was Anand Lavingia of M/s Alap & Co. LLP.
All proposals are routine corporate housekeeping items and passed with overwhelming support, so the immediate impact on the stock is limited. The two items worth watching are the related party deal with IPPL (where promoters exited voting) and the CMD remuneration hike, which received slightly more pushback from non-institutional public shareholders.