VL E-Governance & IT Solutions Limited has submitted the Exchange a copy Voting Results and Scrutinizer's report of Postal Ballot.
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VL E-Governance & IT Solutions Limited has submitted the voting results of a postal ballot conducted between May 21 and June 19, 2025. Two resolutions were put to shareholders: (1) appointment of Mr. Sanjay Nandwana (DIN: 03565954) as Director (ordinary resolution) and (2) his appointment as Managing Director (special resolution). Both resolutions were passed with overwhelming approval, receiving over 99.99% votes in favour out of approximately 3.33 crore shares polled. Total voter turnout was about 31.37% of the 10.59 crore outstanding shares, with promoters (99.23% participation) and public institutions (77.47% participation) voting strongly in favour, while public non-institutions showed low participation at just 1.78%. The scrutinizer, CS Mehul Raval, confirmed that both resolutions were passed with the requisite majority on June 19, 2025.
Mr. Sanjay Nandwana is now formally appointed as Director and Managing Director of the company, providing leadership continuity. The near-unanimous approval signals strong shareholder confidence, though low retail participation (1.78%) suggests limited engagement from small investors.