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Awaiting price reaction for this filing.
Transcorp International Limited conducted a postal ballot via e-voting from March 17 to April 15, 2025, on one special resolution: the appointment of Mr. Harshavardhan Raghunath (DIN: 01675460) as Non-Executive Independent Director for five years w.e.f. February 6, 2025, along with fixing his remuneration. A total of 1,38,90,096 valid votes were polled, of which 1,38,54,491 votes (99.74%) were cast in favour and only 35,605 votes (0.26%) against the resolution. The promoter and promoter group voted with all their 1,11,49,436 shares in favour, while public non-institutions polled 27,40,660 shares, of which 98.70% voted in favour. The scrutinizer, CA Anand Prakash Jain, has declared the special resolution as duly passed by the requisite majority.
The appointment of a new independent director is now formally approved by shareholders, strengthening the board composition. With near-unanimous support (99.74%) from both promoters and public shareholders, the resolution reflects broad investor confidence and minimal dissent, suggesting no near-term governance-related overhang on the stock.