Styrenix Performance Materials Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
STYRENIX · price
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Styrenix Performance Materials Limited announced the results of a postal ballot conducted via remote e-voting from March 16 to April 14, 2026. The single special resolution was to re-appoint Mr. Ravishankar Balakoteswararao Kompalli as Whole-time Director (liable to retire by rotation) for a further 2-year period from April 1, 2026 to March 31, 2028, along with his remuneration. Out of 17,585,625 total outstanding shares, 11,135,605 shares (63.32%) were polled, and the resolution was approved with 89.41% votes in favour and 10.59% against. Promoters voted 100% in favour (8,131,158 shares), public institutions showed mixed support (60.43% in favour), while public non-institutions strongly supported the resolution (97.56% in favour). The scrutinizer, Devesh A. Pathak, confirmed the resolution was passed with the requisite majority.
The re-appointment provides continuity in leadership with Mr. Kompalli continuing as Whole-time Director for two more years, which is generally viewed positively by shareholders for stability. The 89.41% approval margin indicates strong shareholder confidence in management, though the ~40% dissent from public institutional investors is worth noting as a mild point of concern.