Voting Results of Postal Ballot Notice dated 06/02/2025
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Transcorp International Ltd has announced the results of a postal ballot (notice dated 06 February 2025) for a special resolution to appoint Mr. Harshvardhan Raghunath (DIN: 01675460) as a Non-Executive Independent Director for a period of 5 consecutive years effective from 06 February 2025. E-voting was conducted from 17 March 2025 to 15 April 2025, with Mr. Anand Jain, Chartered Accountant, acting as scrutinizer. Out of 13,890,096 total votes polled (100% participation), 99.74% voted in favour (13,854,491 votes) and only 0.26% against (35,605 votes). Promoters voted 100% in favour with their 11,149,436 shares, and public non-institutions voted 98.70% in favour.
The appointment of an independent director has been firmly approved by shareholders with overwhelming support. This is a routine corporate governance measure that strengthens the board composition and is unlikely to have any material impact on the share price.