Result of the Postal Ballot Notice (conducted through e-voting process) along with Scrutinizer''s report.
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Solitaire Machine Tools Limited announced the results of its postal ballot conducted via e-voting, which concluded on April 30, 2025. Shareholders approved two special resolutions by an overwhelming margin: (1) Re-appointment of Mr. Hemandra Jayantilal Badani (age 72, DIN 00143330) as Vice-Chairman and Managing Director for a 5-year term (Feb 8, 2025 to Feb 8, 2030) with a monthly remuneration of Rs. 1,25,000 plus perquisites, and (2) Appointment of Mr. Harsh Hemandra Badani (DIN 02282965) as Joint Managing Director for the same 5-year term with a monthly remuneration of Rs. 2,00,000 plus perquisites. Both resolutions received 99.99% votes in favor (19,93,267 valid votes) with only 0.01% (221 votes) against. Of the 4,305 shareholders on record date, only 36 cast votes, representing 43.89% of total shares. The promoter group (holding 96.31% of outstanding shares) voted 100% in favor of both resolutions.
The Badani promoter family retains full control of the company's leadership for the next 5 years, ensuring management continuity. With near-unanimous shareholder approval and strong promoter backing, no governance disruption is expected and the resolutions are purely procedural in nature.