Sudarshan Colorants India Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
SUDARCOLOR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sudarshan Colorants India Limited has announced the results of its postal ballot conducted for appointing Mrs. Sudha Navandar (DIN: 02804964) as a Non-Executive Independent Director for a term of five years. The special resolution was passed with overwhelming majority, with 99.84% votes in favour (16,268,157 votes) versus only 0.16% against (26,293 votes). Total voter turnout was 70.59% of outstanding shares (16,294,450 out of 23,081,798). The promoter group voted unanimously in favour (100%), while public institutions approved at 85% and public non-institutions at 54.84%. The scrutinizer, Mr. Rajesh Karunakaran, confirmed the resolution passed with requisite majority under Section 110 of the Companies Act, 2013.
The appointment of Mrs. Sudha Navandar as an Independent Director strengthens the company's board composition. The strong shareholder approval signals confidence in the new director. Minimal opposition (less than 1%) indicates governance stability. The company has completed a key board succession process after its name change from Heubach Colorants India Limited.