VADILALIND · price
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Vadilal Industries announced the results of its Postal Ballot concluded on 10th May 2025, with all 11 resolutions passed by members. A total of 108 equity shareholders holding 55,64,086 shares cast their votes through e-voting, representing participation from promoter group (46,50,384 shares), public institutions (6,72,283 shares), and public non-institutions (2,41,419 shares). The resolutions covered special rights for the Gandhi promoter family, adoption of amended Articles of Association, change in terms of appointment for Executive Directors Rajesh and Devanshu Gandhi, appointment of Janmajay Gandhi as Executive Director, appointment of Gaurav Marathe as Non-Executive Director, and three new Independent Directors (Shalini Raghavan, Shivakumar Dega, and Nagarajan Sivaramakrishnan). The two commission-related resolutions for Managing Directors received the lowest approval at around 99.73% in favor, while all other resolutions received over 99.95% support.
Shareholders have approved stronger control rights for the Gandhi promoter family and changes to executive remuneration, while the board gets fresh independent oversight. These are largely procedural/internal governance changes and are unlikely to materially impact the stock price, though the high promoter voting share kept dissent negligible.