Intimation pursuant to Regulations 30 & 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 with respect to the Postal Ballot regarding re-appointment ....
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Awaiting price reaction for this filing.
Sumedha Fiscal Services Ltd conducted a Postal Ballot through 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 resolution was passed with overwhelming approval — 99.97% of votes polled were in favour, with 3,893,118 votes supporting it versus only 1,259 votes against. Promoter and Promoter Group voted 100% in favour (3,687,839 shares), while Public Non-Institutions backed it at 99.39%. The scrutinizer, Mr. Asit Kumar Labh (Practicing Company Secretary), submitted his report on May 7, 2025 confirming the resolution was passed with requisite majority.
This is a routine governance confirmation — Mr. Bhawani Shankar Rathi's continuation as Whole-time Director is secured for another 3 years. Near-unanimous shareholder support (99.97%) suggests no governance concerns from investors. No material impact on stock price expected.