Scrutinizer''s Report on Voting Results of Postal Ballot.
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Veritas (India) Ltd announced the results of its Postal Ballot conducted via remote e-voting, which closed on January 5, 2026. Two resolutions were passed by shareholders: (1) a Special Resolution approving the sale, disposal, or leasing of assets exceeding 20% of the assets of a material subsidiary, which received 88.27% support (15,133,574 votes in favour vs 2,010,330 against); and (2) an Ordinary Resolution appointing Mr. Sunil Sehgal (DIN: 02561520) as Non-Executive Non-Independent Director, which received near-unanimous 99.96% support (17,137,596 votes in favour vs 6,308 against). Promoters (holding 14,747,161 shares, ~55% of equity) voted 100% in favour of both resolutions. Out of 26,810,000 total outstanding shares, 17,143,904 (63.95%) were polled, and 3,953,536 shares from 14 corporate shareholders were deemed invalid for lacking proper board authorization.
Shareholders have greenlit a significant asset restructuring at the material subsidiary level, which could signal a major divestment or restructuring ahead. The board appointment was uncontroversial with overwhelming public support, suggesting smooth governance continuity.