Scrutinizer Report of Postal Ballot dated June 04,2025
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Awaiting price reaction for this filing.
Shree Hari Chemicals Export Ltd conducted a postal ballot via remote e-voting from May 6, 2025 to June 4, 2025 to seek shareholder approval for one special resolution. The resolution was to appoint Shri Prashant Bhandarkar (DIN: 02949193) as an Independent Director of the company. Out of 49,32,440 total outstanding shares, 18,96,825 shares (38.46%) were voted. The resolution passed with overwhelming majority: 18,94,794 votes (99.89%) in favour and only 2,031 votes (0.11%) against. Promoter group voted 100% in favour (18,91,232 of 26,75,902 shares held), while public non-institutional shareholders showed very low participation at just 0.25%, with 63.69% in favour and 36.31% against. There were no institutional public votes. The scrutinizer, Ms. Shalini Bhat of Parikh & Associates, validated the results.
The appointment of a new Independent Director strengthens the company's board composition and corporate governance. Since the resolution passed with near-unanimous support driven by promoter backing, there is no material negative signal for shareholders from this filing.