Vaxtex Cotfab Limited has submitted the Exchange a copy Srutinizers report and Voting Results of Extraordinary General Meeting held on May 05, 2025
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Vaxtex Cotfab Limited held an Extraordinary General Meeting (EGM) on May 5, 2025, via video conferencing, where three resolutions were passed by shareholders. The resolutions included changing Mr. Aakash Thakor's designation to Managing Director & Chairman, regularizing Ms. Hardika Ladha as Non-Executive Independent Director, and regularizing Mr. Devi Singh as Non-Executive Non-Independent Director. All three resolutions passed with 94.81% votes in favor and 5.19% against, based on 50,984,280 shares being voted (27.75% of outstanding shares). Promoter group voted 100% in favor (33,034,568 shares), while public non-institutional shareholders showed 85.27% support with 14.73% dissent.
These are governance and board restructuring changes that have been cleared by shareholders, providing stability and continuity in leadership. Strong promoter backing (100%) signals management's unified direction, though the ~15% public dissent is worth noting. No direct material impact on stock price is expected from these corporate actions.