Veedol Corporation Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report.
VEEDOL · price
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Veedol Corporation Limited has announced the results of its Postal Ballot along with the Scrutinizer's Report dated 27th September 2025. The single resolution, which sought shareholder approval for the appointment of Shri Brajesh Kumar Srivastava (DIN: 09835338) as a Non-Executive and Non-Independent Director, was passed as an Ordinary Resolution. Out of 60,344 total shareholders on the record date (27th August 2025), 514 members cast valid votes representing 72,34,523 shares (41.52% of total outstanding shares of 1,72,42,000). The resolution received strong support with 71,98,217 votes (99.498%) in favour and only 36,306 votes (0.502%) against. Promoter group voted 100% in favour (66,30,099 shares), while public non-institutions voted 93.99% in favour. No votes were polled by public institutions. No physical postal ballots were received; all valid votes were cast through remote e-voting.
This is a routine corporate governance filing confirming shareholder approval for a new director appointment. The overwhelming 99.5% support, including 100% backing from promoters, signals strong alignment between management and shareholders. No material financial impact or change in business direction is implied; the announcement is informational in nature and unlikely to move the stock price meaningfully.