Postal Ballot: Outcome of Postal Balloted passed on 8th June, 2025.
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Syschem (India) Limited announced the results of its Postal Ballot concluded on 8th June 2025. Shareholders approved a Special Resolution to appoint Mr. Sunil Kumar Bhasin (DIN: 10996254) as a Non-Executive Director of the company. Out of 43,513,000 total shares, 3,640,750 shares (8.37%) were voted, with 99.72% voting in favour and only 0.28% against. The promoter group voted unanimously in favour with 735,000 shares, while public non-institutions voted 99.65% in favour. The result was announced on 9th June 2025, with Mr. Kanwaljit Singh, Practicing Company Secretary, acting as Scrutinizer.
This is a routine corporate governance update adding a new Non-Executive Director to the board. With overwhelming shareholder approval (99.72% in favour), the appointment is unlikely to have any material impact on the stock price. It may slightly strengthen board oversight going forward.