SHREE CEMENT LIMITED has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
SHREECEM · price
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Shree Cement Limited conducted a postal ballot to re-appoint Mr. Hari Mohan Bangur (DIN: 00244329) as Whole Time Director designated as Chairman for a period of 5 years starting 1st April 2026. The special resolution was approved with 86.42% votes in favour (26,677,859 shares) against 13.58% votes against (4,190,799 shares), on a polling of 85.55% of outstanding shares. Promoter group voted 100% in favour with 22,569,197 shares. Notably, public institutional investors were sharply divided, with 50.53% voting against the resolution. The resolution was deemed passed on 20th March 2026, as confirmed by Scrutinizer Akshit Kumar Jangid.
The re-appointment of the promoter-family Chairman continues leadership continuity at Shree Cement for the next five years. However, the significant dissent from institutional shareholders (over 50% voted against) signals investor discomfort with the appointment, which may draw governance attention.