Scrutinizer report and voting result on the e-voting process for the postal ballot notice dated March 20, 2025.
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Shri Krishna Devcon Limited conducted a postal ballot via remote e-voting (open from March 26 to April 24, 2025) to seek shareholder approval for appointing Mr. Anant Gurjar (DIN: 10933541) as a Non-Executive Independent Director. Out of 3,042 shareholders on the record date of March 14, 2025, 33 members holding 24,454,268 shares (about 87.34% of total outstanding equity of 2.8 crore shares) cast votes through CDSL's e-voting platform. The resolution was passed with overwhelming support - virtually 100% of votes polled (24,454,265 shares) were in favour, with only 3 shares recorded as dissent. Both promoter group (100% in favour on 15,365,070 shares) and public non-institutions (100% in favour among those who voted, on 9,089,198 out of 12,634,930 shares held) backed the appointment. Scrutinizer CS Balkrishan Pradhan confirmed the special resolution was passed with the requisite three-fourths majority.
This is a routine governance/board-strengthening resolution with no direct financial impact on shareholders. Adding a new independent director typically improves board oversight and may be viewed mildly positively by investors focused on corporate governance standards.