Tamilnadu PetroProducts Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
TNPETRO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Tamilnadu PetroProducts Limited has announced the results of its postal ballot conducted through remote e-voting from March 13 to April 11, 2026. Two ordinary resolutions were passed with overwhelming shareholder approval. First, Ms. Sandhya Venugopal Sharma, IAS was appointed as a Director with 94.55% votes in favour (40.62 million shares). Second, prior approval was granted for material related party transactions with Greenstar Fertilizers Limited for the period April 2026 to March 2027, with 99.94% votes in favour (10.87 million shares). Related parties abstained from voting on the second resolution as required by regulations. Both resolutions are deemed passed as of April 11, 2026.
Both resolutions passed with strong shareholder backing, indicating confidence in the new director appointment and approval of related party transactions with Greenstar Fertilizers. The appointment of an IAS bureaucrat as director may bring government-linked strategic benefits to the company.