Voting Results with Scrutinizer''s Report on Postal Ballot for appointment of Dr. Ram Sewak Sharma as an Independent Director of the Company.
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Voith Paper Fabrics India has received shareholder approval via postal ballot (remote e-voting) for the appointment of Dr. Ram Sewak Sharma (DIN: 02166194) as an Independent Director for a five-year term from March 1, 2025 to February 28, 2030. Out of 5,480 shareholders on record, 54 participated, with 42 voting in favor (32,55,117 shares) and 12 voting against (463 shares). The resolution passed with 99.99% approval. The promoter group, holding 32,52,418 shares, voted 100% in favor. The scrutinizer, M/s P C Jain & Co, confirmed the process was conducted fairly per SEBI and Companies Act rules.
This is a routine governance announcement confirming board continuity with a new independent director. The near-unanimous approval reflects strong shareholder support and is unlikely to materially impact the stock price.