Result of Postal Ballot by remote e-voting process
TATAINVEST · price
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Tata Investment Corporation sought shareholder approval via postal ballot (remote e-voting) for the appointment of Mr. Bahram N. Vakil (DIN: 00283980) as an Independent Director for a five-year term effective March 12, 2025. Voting was conducted between May 10 and June 8, 2025, with the cut-off date set as May 2, 2025. Out of 5,05,95,296 total outstanding shares, 3,84,07,783 shares (75.91%) were polled. The resolution passed with overwhelming support, with 99.90% of votes (3,83,70,604 shares) in favour and just 0.10% (37,179 shares) against. Promoter and Promoter Group voted 100% in favour, while public institutions voted 97.13% in favour and public non-institutions voted 96.37% in favour.
The appointment of Mr. Vakil as Independent Director is now formally confirmed through shareholder approval, strengthening the board composition. The near-unanimous support (over 99.9% in favour) reflects strong shareholder confidence in the governance decision and is unlikely to have any material impact on the stock price.