Submission of Scrutiniser report regarding Postal ballot
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
South India Paper Mills Ltd conducted a postal ballot via e-voting from May 31 to June 29, 2025, seeking shareholder approval to appoint 4 Independent Directors: Mr Gomatam Raghavan Ravi, Mr Nagaraja Srivatsa, Mr Purushotham Javaregowda, and Mrs Gargi Ojha. Out of 1.875 crore total shares, about 74.5 lakh shares (39.73%) were voted, with 99.73% voting in favour and only 0.27% against. The scrutinizer, CS Hitaish Kumar S N, confirmed that all 4 special resolutions were passed with the requisite majority. Each director has been appointed for a 5-year term from March 31, 2025 to March 30, 2030.
This is a routine corporate governance filing confirming the formal approval of independent directors who were already appointed on the board. The overwhelming 99.73% approval signals strong shareholder consensus and poses no material impact on the stock price.