Voting Results of Postal Ballot and Scrutinizer''s Report
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Welterman International Ltd conducted a Postal Ballot (remote e-voting only) from May 2 to May 31, 2025, with results declared on June 2, 2025. Out of 4,109 shareholders on record date (April 25, 2025), only 62 shareholders cast votes, representing 20,32,538 shares or 45.76% of total outstanding shares (44,41,300). The single special resolution — appointment of Mr. Pradeep Ramjivan Goyal (DIN: 02798770) as an Independent Director — was passed with 100% votes in favour and zero votes against. Promoter group voted nearly all their holdings (19,99,900 of 20,13,600 shares) in favour, while public non-institutions showed low participation (32,638 of 23,67,700 shares), though all votes polled were in favour.
This is a routine governance matter with a clean, unanimous outcome. No dissent or controversy — the new Independent Director appointment is now formally effective. Low public participation (1.38%) is typical for small-cap postal ballots and unlikely to move the stock price.