Walchandnagar Industries Limited has informed the Exchange regarding voting results of Postal Ballot
WALCHANNAG · price
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Walchandnagar Industries Limited announced the results of its postal ballot conducted via remote e-voting between February 7, 2026 and March 8, 2026. All three special resolutions were passed with overwhelming majority. Resolution 1 was to shift the registered office from Tardeo Road, Mumbai to Kothrud, Pune (with related MoA changes), which received 99.99% approval (22,684,696 votes in favour). Resolution 2 approved the sale of Dharwad land (survey nos. 71B, 72B and 83 Part), passing with 99.62% in favour (22,600,285 votes). Resolution 3 approved the re-appointment of Mr. Chirag C. Doshi as Managing Director & CEO for 3 years from April 1, 2026, along with his remuneration, with 99.99% approval (22,684,870 votes). Only 228 out of 86,705 shareholders participated in voting, representing about 33.44% of total share capital.
Shareholders have approved a key strategic shift: moving the registered office to Pune, monetising the Dharwad land parcel, and continuity in leadership with Mr. Chirag Doshi's reappointment as MD & CEO. These reflect portfolio rationalisation and management continuity, with no visible shareholder dissent of consequence.