PFA herewith Scrutinizer''s Report for disclosing of Votinf Result.
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Awaiting price reaction for this filing.
Wardwizard Foods and Beverages conducted a postal ballot via e-voting from March 2 to March 31, 2025, with results declared on April 1, 2025. Three resolutions were passed: (1) Appointment of Mansi Jayendra Bhatt (DIN: 10177722) as Non-Executive Independent Director, approved with 99.99% votes in favour; (2) Approval for Material Related Party Transactions under Section 188 of the Companies Act, approved with 99.29% votes in favour (promoter group abstained as they were interested); and (3) Adoption of a new set of Articles of Association, approved with 99.99% votes in favour. Out of 25.71 crore total shares, about 13.6 crore votes (52.88%) were polled on the first and third resolutions, while only about 10.77 lakh votes (0.42%) were polled on the related party transaction since promoters did not participate. Only 104 shareholders cast their votes in total.
The appointments and amendments are largely procedural and governance-related. The new independent director strengthens the board, while the related party transaction approval (with promoters abstaining) is required by SEBI rules for material deals with related parties. Shareholders should review the nature of the related party transactions as the details are not disclosed in this filing.