Voting Results along with Scrutinizer''s Report
Awaiting price reaction for this filing.
Hindusthan Urban Infrastructure Limited (BSE: 539984) conducted a postal ballot via remote e-voting between March 21 and April 19, 2025, to approve an increase in the remuneration of Mr. Raghavendra Anant Mody, Chairman & Whole-Time Director (DIN: 03158072). The resolution was passed as a Special Resolution with 100% of votes cast in favour and zero votes against. Out of 1,442,885 total shares, 1,077,260 shares (74.66%) participated in voting. The promoter group (holding 1,082,152 shares) voted 99.53% of their stake in favour, while public non-institutions contributed 215 shares. The scrutinizer, Mr. Neeraj Sharma of Neeraj & Associates, certified the results on April 21, 2025.
Shareholders have approved a higher pay package for the company's Chairman & Whole-Time Director. This is a routine executive compensation matter and is unlikely to materially affect the stock price, though investors should monitor whether the higher remuneration translates into improved performance.