Result of Postal Ballot by remote e-voting process
TATAINVEST · price
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Tata Investment Corporation conducted a postal ballot via remote e-voting from May 10, 2025 to June 8, 2025 to seek shareholder approval for appointing Mr. Bahram N. Vakil (DIN: 00283980) as an Independent Director for a five-year term effective March 12, 2025. The special resolution was passed with overwhelming support — 99.90% of votes cast (3,83,70,604 shares) were in favour, with only 0.10% (37,179 shares) against. Promoter group voted 100% in favour, while public institutions voted 97.13% in favour and public non-institutions 96.37% in favour. The scrutinizer's report confirmed the resolution was duly passed with the requisite majority.
This is a routine governance update confirming the formal shareholder approval of Mr. Vakil's appointment as Independent Director. No material impact on shareholders or stock price is expected — it simply regularizes his board position through the required shareholder vote.