Voting results of the postal ballot through remote e-voting
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TANFAC Industries Limited has disclosed the results of a postal ballot conducted via remote e-voting, which concluded on June 10, 2025. Two special resolutions were put to shareholders: (1) the appointment of Dr. R. K. Tyagi (DIN: 01509031) as Non-Executive-Independent Director, and (2) the appointment of Mr. Amreek Singh Sandhu (DIN: 08064880) as Non-Executive-Independent Director. Out of 18,913 total shareholders holding 99,75,000 equity shares, only 68 shareholders participated through e-voting, representing 5,190,276 shares (about 52% of outstanding shares). Both resolutions were passed overwhelmingly — Resolution 1 with 99.99% votes in favour (only 540 votes against), and Resolution 2 with 99.99% votes in favour (only 650 votes against). The promoter and promoter group voted entirely in favour of both appointments, and no promoter interest was declared in the resolutions.
This is a routine corporate governance announcement confirming the induction of two new Independent Directors on the TANFAC board. The near-unanimous approval signals strong shareholder consensus and is unlikely to have any material impact on the stock price. Shareholders should note strengthened independent oversight at the board level going forward.