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Awaiting price reaction for this filing.
Sofcom Systems Ltd (BSE: 538923) announced the results of a postal ballot conducted through remote e-voting, with both special resolutions passed on June 10, 2025. The first resolution approved the appointment of Mrs. Tanvi Jay Rupawala (DIN: 10698868) as Managing Director. The second resolution approved the shifting of the company's registered office. Out of 2,42,04,120 shares held by public non-institutional shareholders (the only category with holdings), 2,13,56,635 votes were polled, with 1,95,04,598 (91.33%) in favour, 0 against, and 18,52,037 votes (from 7 members) declared invalid. The promoter and promoter group showed zero shareholding, and total shareholders on record date were 1,339.
These are routine corporate governance outcomes — a new Managing Director appointment and a registered office shift — both approved by shareholders. No immediate material impact on stock price is expected, though retail investors should note the unusually high invalid vote count (roughly 8.7% of polled shares).