Discosure of Outcome i.e Voting Results and Scrutinizers Report of Postal Ballot as per Regulataion 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Awaiting price reaction for this filing.
Siyaram Recycling Industries Ltd announced the results of a postal ballot concluded on April 4, 2025, with voting results filed on April 7, 2025. Two special resolutions were passed with 100% votes in favour and no votes against. The first resolution approved the appointment of Mr. Bhuvnesh Kumar (DIN: 10581722) as an Independent Non-Executive Director. The second resolution regularised Mr. Megha Bhavesh Maheshwari (DIN: 10270455) as a Whole Time Director, in which the promoter group was interested. A total of 1,395 shareholders were on record as of the February 28, 2025 cut-off date, and 63.32% of the outstanding 2.17 crore equity shares were polled. Promoter group, public institutions, and public non-institutions all voted unanimously in favour of both resolutions.
This is a routine corporate governance disclosure with both resolutions passed unanimously by participating shareholders, so there is no negative signal for the stock. The appointment of an Independent Director strengthens board composition, while the regularisation of the promoter family member as Whole Time Director formalises an existing role, with no material change to ownership or control.