Outcome of Postal Ballot dated June 04, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shree Hari Chemicals Export Ltd conducted a postal ballot (remote e-voting) from May 06 to June 04, 2025, to seek shareholder approval for appointing Shri Prashant Bhandarkar (DIN: 02949193) as an Independent Director. The special resolution was passed with overwhelming support, receiving 18,94,794 votes in favour (99.89%) against only 2,031 votes against (0.11%) out of 18,96,825 valid votes polled. Promoters voted 100% in favour (18,91,232 shares), while public non-institutions voted 63.69% in favour and 36.31% against, though their participation was very low at just 0.25% of their shareholding. Out of 3,662 shareholders on record, only 30 cast votes.
The appointment of a new Independent Director strengthens the board's composition and governance. The near-unanimous approval signals strong shareholder confidence in the appointment, with no material dissent or governance concerns raised.