Stylam Industries Limited has informed the Exchange regarding the outcome of Postal Ballot.
STYLAMIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Stylam Industries Limited has completed a postal ballot voting process that ended on April 28, 2026, with all 5 resolutions passed with requisite majorities. The resolutions included: (1) appointment of Mr. Nobuyoshi Sakai as Non-Executive Nominee Director (ordinary resolution, 99.99% in favor), (2) appointment of Mr. Santosh Kumar Agrawal as Non-Executive Independent Director (special resolution, 88.77% in favor), (3) increase in managerial remuneration of Managing Director Mr. Jagdish Gupta (special resolution, 99.99% in favor), (4) increase in managerial remuneration of Whole Time Director Mr. Manit Gupta (special resolution, 99.99% in favor), and (5) amendment of Articles of Association (special resolution, 98.64% in favor). Note that promoters were interested in resolutions 3 and 4 (related party transactions for remuneration increases). Total voter turnout was 67.49% of outstanding shares.
Shareholders approved new board appointments and higher executive compensation. The remuneration increases for related parties (Gupta family directors) passed with overwhelming support, suggesting alignment between management and investors. Minor institutional dissent on the independent director appointment (11.23% against) and AOA amendment (7.31% against) may warrant attention.