Vardhman Acrylics Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
VARDHACRLC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Vardhman Acrylics Limited has announced the results of its postal ballot, with all 4 resolutions approved by shareholders with the requisite majority. Three special resolutions were passed with 99.99% support: re-appointment of Mr. Anil Kumar as an Independent Director, re-appointment of Mr. Bhooshan Lal Uppal as an Independent Director, and continuation of Mr. Anil Kumar as a Non-Executive Director. An ordinary resolution for entering into related party transactions was also passed with 99.36% support. E-voting was conducted from May 27 to June 25, 2025, with 28,903 shareholders on record as of the May 16, 2025 cut-off date. The promoter group (holding 60,249,160 shares) voted 100% in favor of the first three resolutions but did not vote on the related party transaction resolution due to conflict of interest, as expected.
This is a routine corporate governance filing confirming shareholder approval for board re-appointments and related party transactions. The near-unanimous support across all resolutions signals strong shareholder alignment with management, with no material impact expected on the stock price or business outlook.