Postal Ballot: Preferential shares to promoters and director re-appointment approved
VASWANI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vaswani Industries shareholders approved two special resolutions via postal ballot. First, issuance of equity shares on preferential basis to the promoter and promoter group passed with 99.99 percent of votes in favour (36 members, 1.89 crore shares). Second, re-appointment of independent director Rituraj Peswani for a second five-year term also passed with 99.99 percent support. Overall 57.44 percent of outstanding shares participated in voting, and promoters voted 100 percent in favour.
Promoter group equity infusion approved, boosting promoter holding. Director continuity maintained. Both passed with near-unanimous shareholder support.