Outcome of Postal Ballot alongwith Scrutinizer report
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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.
Standard Surfactants Ltd concluded a Postal Ballot via remote e-voting (conducted from May 30 to June 28, 2025), with all six resolutions approved by shareholders. The resolutions included: (1) appointment of Dr. Neelu Kambo as Independent Director (99.97% in favour), (2) re-appointment of Mr. Ankur Garg as Whole Time Director (99.55% in favour), (3) approval of remuneration to MD and WTDs (97.27% in favour), (4) Board borrowing authorisation under Section 180(1)(c) (99.80% in favour), (5) Board authorisation to pledge/mortgage/charge company assets under Section 180(1)(a) (99.12% in favour), and (6) approval of material related party transactions with M/s Icon Polymers (99.55% in favour). On the record date of May 23, 2025, the company had 14,863 shareholders. Scrutinizer CS Shivansh Tiwari submitted the report on June 30, 2025, confirming that all resolutions were passed with the requisite majority.
Shareholders have formally cleared the Board to expand borrowing capacity and create charges on company assets, while also endorsing executive remuneration and related party dealings with Icon Polymers. With near-unanimous support, these approvals are routine governance steps and unlikely to materially move the stock, though the broadened borrowing and pledge authority could support future debt-led expansion.