Scrutinizer''s Report for the Postal Ballot Meeting ( Voting ended on 18th December 2025)
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VTM Limited has disclosed the voting results of its Postal Ballot conducted via remote e-voting from November 19 to December 18, 2025. All four resolutions were passed with the requisite majority, receiving 100% votes in favour and zero votes against. The total voting turnout was 68.39% of outstanding shares (1.005 crore shares), with promoters (holding 75.42 lakh shares, 74.99% stake) voting entirely in favour. Public-others cast only 46,219 votes (0.19% of their holding), while institutional public shareholders did not participate at all. The resolutions covered continuation of Mr. RM Somasundaram as Non-Executive Director beyond age 75, re-appointment of two Independent Directors (Mr. Ganesh Ananthakrishnan and Mr. L. Sevugan) for a second 5-year term effective March 25, 2026, and approval of a Related Party Contract with Colour Yarns Private Limited.
All board re-appointments and the related party contract have been cleared with unanimous shareholder approval, indicating strong promoter support and stable governance. However, extremely low retail and institutional public participation (less than 0.2% of their holdings voted) suggests limited minority shareholder engagement, which is a minor governance concern.