Intimation pursuant to Regulations 30 & 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 with respect to Postal Ballot regarding re-appointment of Mr. ....
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Sumedha Fiscal Services Ltd completed a Postal Ballot via remote e-voting from April 7 to May 6, 2025, seeking shareholder approval to re-appoint Mr. Bhawani Shankar Rathi (DIN: 00028499) as Whole-time Director for a further period of 3 years effective April 1, 2025. The special resolution was passed with overwhelming support: 80 members voted in favour with 3,893,118 shares (99.97%) while only 9 members voted against with just 1,259 shares (0.03%). Promoters holding 3,687,839 shares voted 100% in favour, and the resolution was declared passed on May 7, 2025. Out of 8,749 total shareholders on record date (March 28, 2025), only 89 participated in voting. The disclosure notes that promoter/promoter group are interested in the resolution.
This is a routine re-appointment ensuring management continuity at Sumedha Fiscal Services. The near-unanimous approval (99.97%) signals strong shareholder confidence. However, the fact that promoters themselves were voting on the re-appointment of what appears to be a promoter-related director limits the independent endorsement, though the resolution passing comfortably is still positive for governance stability.