Shyam Metalics And Energy Limited has informed the Exchange regarding voting results of Postal Ballot
SHYAMMETL · price
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Shyam Metalics and Energy Limited conducted a postal ballot to appoint Mr. Subrata Bhattacharya (DIN: 03050155) as an Independent Director for a 5-year term from 1st February 2026 to 31st January 2031. A total of 480 members holding 23,90,43,175 equity shares (about 85.6% of outstanding shares) participated in the remote e-voting held between 12th February and 13th March 2026. The resolution was passed with near-unanimous approval, with 99.9992% of votes cast in favour and only 1,912 votes (0.0008%) against. The scrutinizer, Mr. Raj Kumar Banthia of MKB & Associates, certified the results. The appointment took effect from 1st February 2026, prior to the postal ballot conclusion.
This is a routine governance action that adds an Independent Director to the board. The overwhelming shareholder support (nearly 100% in favour) signals strong acceptance, and shareholders should not expect any material impact on the stock price from this announcement.