PFA herewith Outcome and Voting results alongwith Scrutinizer Report.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Wardwizard Foods and Beverages Ltd has announced the results of a Postal Ballot conducted via e-voting, which closed on 31st March 2025. Three resolutions were put to vote: (1) Appointment of Mansi Jayendra Bhatt (DIN: 10177722) as Non-Executive Independent Director, passed with 99.99% votes in favor; (2) Approval for Material Related Party Transactions under Section 188, passed with 99.29% support; and (3) Adoption of a New Set of Articles of Association, passed with 99.99% votes in favor. A total of 104 members participated in the e-voting out of 23,298 shareholders on record date, with around 52.88% of total share capital voting on the director appointment and AOA resolutions. The promoter group, holding 13.71 crore shares, did not vote on the related party transaction resolution as they were classified as interested parties. The scrutinizer CS Kamal Lalani confirmed all three resolutions were passed with requisite majority.
The appointment of a new Independent Director strengthens the board's composition and governance framework. Approval of material related party transactions gives the company flexibility to execute significant deals with related parties, which minority shareholders should monitor closely given promoter interest. The adoption of new Articles of Association may reflect updated governance provisions and warrants a review by investors for any material changes.