Stylam Industries Limited has submitted the Exchange a copy of Scrutinizer Report and voting results of Postal Ballot attached.
STYLAMIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Stylam Industries Limited has announced the results of its postal ballot conducted via remote e-voting from March 30 to April 28, 2026. All 5 resolutions were passed with overwhelming shareholder approval. The key resolutions include appointment of Mr. Nobuyoshi Sakai as Non-Executive Nominee Director (99.99% in favor) and Mr. Santosh Kumar Agrawal as Non-Executive Independent Director (88.77% in favor). The company also received approval to increase managerial remuneration for Managing Director Mr. Jagdish Gupta and Whole Time Director Mr. Manit Gupta, both with 99.99% shareholder approval. Additionally, shareholders approved amendments to the Articles of Association (98.64% in favor). Total voter turnout was 67.48% of outstanding shares.
All resolutions passed smoothly, indicating strong shareholder support. The significant dissent (11.23%) on the independent director appointment was mainly from institutional investors, though the resolution still passed. The approval for increased managerial remuneration for promoter family members suggests continued confidence in the leadership despite related party nature of the transactions.