The Phoenix Mills Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
PHOENIXLTD · price
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The Phoenix Mills Limited has announced the results of its postal ballot (remote e-voting) held between November 29 and December 28, 2025, for two ordinary resolutions. Resolution 1 — redesignation of Mr. Shishir Shrivastava from Managing Director to Non-Executive, Non-Independent Director and Vice Chairman — was passed with 99.81% votes in favour (31.28 crore shares in favour vs 5.84 lakh against out of 31.34 crore valid votes polled, representing 87.65% of outstanding shares). Resolution 2 — approval of payment of remuneration including commission to Non-Executive Directors — was passed with 98.91% votes in favour (31.00 crore shares in favour vs 34.30 lakh against out of 31.35 crore polled). Promoter group voted 100% in favour on both resolutions, while public institutions showed slightly higher dissent on Resolution 2 (2.38% against) compared to Resolution 1 (0.41% against). The scrutinizer was Rathi & Associates, and results were declared on December 28, 2025.
Both resolutions cleared with overwhelming shareholder support, so the board changes and remuneration framework for non-executive directors are now formally approved. The transition of Mr. Shrivastava to a non-executive vice-chairman role is a governance change with no impact on business operations, and the stock is unlikely to react materially to this routine disclosure.