We hereby Submit the proceedings of special businesses approved by the members through postal ballot.
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Awaiting price reaction for this filing.
Shish Industries Limited has submitted the proceedings of a postal ballot conducted via remote e-voting (through NSDL) for four special business items. The voting window ran from April 4, 2025 to May 3, 2025. The items put to shareholders were: (1) change in designation of Mr. Rameshbhai Kakadiya from Whole-time Director to Non-Executive Director; (2) approval of material related party transactions 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. M/s. ALAP & Co. LLP was appointed as scrutinizer, with its consolidated report due by May 6, 2025. The filing itself does not disclose the actual vote counts or percentages in favour/against – those will be communicated separately once the scrutinizer's report is finalized.
The postal ballot covers governance changes (board reshuffle, a new independent woman director, and a pay hike for the CMD) along with a material related party transaction with IPPL. Detailed voting outcomes are pending, but shareholders should watch the scrutinizer's report for dissent levels, especially on the related party transaction and CMD remuneration, as these typically attract the most scrutiny.