Triveni Turbine Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
TRITURBINE · price
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Triveni Turbine Limited has submitted the voting results and Scrutinizer's Report for a Postal Ballot conducted to seek shareholder approval for the re-appointment of Mr. Nikhil Sawhney (DIN: 00029028) as Managing Director (designated as Vice Chairman and Managing Director) via a Special Resolution. The e-voting period ran from February 25, 2026 to March 26, 2026, with 88.99% of the outstanding 31,78,92,029 equity shares participating. The resolution was passed with 84.91% of votes in favour (24,01,93,526 shares) and 15.09% against (4,27,00,067 shares). Promoters voted 100% in favour, public institutions showed mixed support at 59.47% in favour vs 40.53% against, and public non-institutions voted 88.74% in favour. The Scrutinizer, M/s. Sanjay Grover & Associates, confirmed the resolution was duly passed with the requisite majority on March 26, 2026.
Mr. Nikhil Sawhney's re-appointment as Managing Director has been formally approved by shareholders, providing leadership continuity at the company. While the resolution passed comfortably, the 15% dissent and 40% opposition from public institutions may signal some investor reservations worth monitoring, though the outcome was never in serious doubt given promoters' 100% support.