Voting Result of Postal Ballot through remote e-voting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sugs Lloyd Limited announced the results of its postal ballot conducted via remote e-voting from November 19 to December 18, 2025. All four resolutions were passed with approximately 100% of votes cast in favour, representing 16,652,990 votes polled (about 71.74% of the 23,214,000 outstanding shares). The resolutions included changes in designation of three directors: Mr. Kapil Dev Marwah (Whole-Time to Executive Director), Mrs. Priti Shah (Managing Director to Whole-Time Director), and Mr. Santosh Kumar Shah (Non-Executive Director to Managing Director and Executive Chairman), along with the appointment of a Secretarial Auditor. Promoter and promoter group voted their full 16,249,965 shares in favour, while public non-institutions polled only 403,025 of their 6,606,035 shares. There were 1,000 invalid votes from public non-institutions, and zero dissenting votes across all resolutions.
Shareholders have approved a significant leadership restructuring, with Mr. Santosh Kumar Shah elevated to Managing Director and Executive Chairman while Mrs. Priti Shah moved from MD to Whole-Time Director. This represents a meaningful governance reshuffle, though the absence of any dissenting votes suggests strong promoter-driven consensus, with limited public shareholder participation (only 6.1% of public non-institutional shares were voted).