Submission of voting results of Postal Ballot
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▲ 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 conducted a postal ballot via e-voting from May 31 to June 29, 2025, to seek shareholder approval for appointing four Independent Directors. All four special resolutions were passed with overwhelming majority — out of 7,450,156 votes polled (39.73% of total shares), 99.73% voted in favour and only 0.27% voted against. The appointed directors are Mr. Gomatam Raghavan Ravi, Mr. Nagaraja Srivatsa, Mr. Purushotham Javaregowda, and Mrs. Gargi Ojha, each for a five-year term from March 31, 2025 to March 30, 2030. Promoter group voted unanimously in favour, and public non-institutional shareholders also backed the resolutions with 99.56% support. The company has 5,160 shareholders on record, and the resolutions were confirmed by scrutinizer CS Hitaish Kumar S.N.
This is a routine governance outcome with strong shareholder support, ensuring the board has a full complement of Independent Directors for the next five years. No material impact on stock price is expected — the resolutions were administrative in nature and passed with near-unanimous approval.