Outcome of Postal Ballot
Price
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Awaiting price reaction for this filing.
Trident Texofab Limited has successfully passed a Special Resolution through postal ballot to appoint Mr. Sandip Jayeshkumar Katwala (DIN: 11008985) as a Non-Executive & Independent Director. The e-voting was conducted between May 14, 2025 and June 12, 2025, with 5,268 shareholders on record. A total of 52,51,205 votes (52.15% of outstanding shares) were polled, with an overwhelming 100% voting in favour and zero votes against. Both promoter group (99.27% participation) and public non-institutional shareholders (8.84% participation) unanimously supported the appointment. The scrutinizer CS Mehul Amareliya confirmed the process was fair and transparent.
This is a routine governance update with no material impact on shareholders or stock price. The unanimous approval reflects strong shareholder confidence in the new independent directorship. Investors should note 58,37,743 convertible warrants are outstanding, some recently converted to equity, which could lead to mild share dilution going forward.