Veedol Corporation Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
VEEDOL · price
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Veedol Corporation Limited has submitted the results of its Postal Ballot along with the Scrutinizer's Report to the stock exchanges. The only resolution put to vote was the appointment of Shri Kulbhushan Malhotra (DIN: 11507259) as a Non-Executive and Non-Independent Director, which was passed as an Ordinary Resolution. Out of 7,193,344 votes polled (41.28% of total shares), 97.91% voted in favour and only 2.09% voted against. The promoter group voted unanimously in favour with 7,019,341 shares, while public non-institutions showed a mixed response with 86.40% voting against the appointment. The remote e-voting window ran from 16th February to 17th March 2026, with 57,381 shareholders on record as of 6th February 2026.
The appointment of a new Non-Executive Director has been approved by shareholders with strong promoter support, indicating smooth board-level succession. The dissenting vote from public non-institutions may signal some investor concern about the appointee, though the overall outcome is favourable for the company's governance continuity.