Please find enclosed details of Voting Results and Scrutinizer''s Report on the Postal Ballot
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Trident Texofab Limited conducted a postal ballot (via remote e-voting through NSDL) from May 14, 2025 to June 12, 2025, to seek shareholder approval for a single special resolution: the appointment of Mr. Sandip Jayeshkumar Katwala (DIN: 11008985) as Non-Executive & Independent Director. Out of 5,268 shareholders on record date, 5,117 were notified by email. A total of 52,51,205 shares (52.15% of total outstanding shares of 1,00,70,100) were polled, with promoters contributing 48,22,323 votes (99.27% of promoter holding) and public non-institutions contributing 4,63,882 votes (8.84% of their holding). The resolution was passed unanimously with 100% votes in favour and 0% against.
The resolution has been approved with overwhelming shareholder support, strengthening the board with a new independent director. This is a routine governance update with no material impact on stock price; however, unexercised warrants (29,398,743 issued in Dec 2024) being progressively converted to equity could lead to share dilution over time.