Sutlej Textiles and Industries Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
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Sutlej Textiles has announced the results of its Postal Ballot conducted via remote e-voting, with the last date of voting being 1st May 2025. All three resolutions were approved with overwhelming majority by shareholders. Resolution 1 (Ordinary) was the appointment of Mr. Ashish Kumar Srivastava as a Director, passed with 99.99% votes in favor. Resolution 2 (Special) appointed Mr. Srivastava as Wholetime Director, also passed with 99.99% support. Resolution 3 (Special) approved payment of commission to Non-Executive Directors, passing with 99.99% approval. Out of 16.38 crore total shares, around 11.76 crore (71.8%) participated in voting, with promoter group (10.48 crore shares) voting 100% in favor of all resolutions. Mr. Rajendra Chouhan, Practicing Company Secretary, served as the Scrutinizer.
The appointment of Mr. Ashish Kumar Srivastava as Wholetime Director brings a new leadership appointment at the company. The near-unanimous approval across all resolutions, including the director commission payment, signals strong shareholder confidence and smooth board-level decisions with minimal dissent.