Vaswani Industries postal ballot results: preferential share issue and director re-appointment passed
VASWANI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vaswani Industries announced postal ballot results. Two special resolutions passed with over 99.98 percent approval. (1) Issuance of equity shares on a preferential basis to the promoter group via private placement, with 1.89 crore votes in favor. (2) Re-appointment of Mr. Rituraj Peswani as Independent Director for a second five-year term from May 19, 2026, with 1.89 crore votes in favor. Promoter group held 2.04 crore shares and voted fully in favor of both resolutions.
Promoter preferential allotment will increase promoter shareholding and dilute non-promoter holders. Director re-appointment ensures board continuity for five years.