The Hi-Tech Gears Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
HITECHGEAR · price
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The Hi-Tech Gears Limited has submitted the voting results and Scrutinizer's report for a Postal Ballot conducted via remote e-voting from March 31, 2025 to April 29, 2025. The sole item on the agenda was a Special Resolution to appoint Mrs. Suchitra Rajendra (DIN: 07962214) as a Non-Executive & Independent Director of the Company. Out of 18,793,217 outstanding shares, 12,312,030 shares (65.51%) were polled. Of these, 12,311,813 votes (99.998%) were cast in favour and only 217 votes (0.002%) against. Promoter and Promoter Group voted 100% in favour with 10,531,602 shares. The resolution was passed with the requisite majority. The Scrutinizer was Akarshika Goel of Grover Ahuja & Associates, Company Secretaries.
Mrs. Suchitra Rajendra has been formally appointed as a Non-Executive & Independent Director of the Company, strengthening the board. The overwhelming shareholder approval (nearly unanimous) signals strong confidence in the appointment and is unlikely to have any material impact on the stock price.