Postal Ballot Results: All Three Special Resolutions Passed
WINDMACHIN · price
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Windsor Machines shareholders approved all three special resolutions via postal ballot (remote e-voting ended June 27, 2026). Resolution 1 permits sale of the Thane plant property (about 21,912 sq metre industrial plots with buildings at Wagale, Maharashtra) with 99.95% votes in favor. Resolution 2 raises the managerial remuneration limit for CEO Vinay Bansod (99.997% in favor). Resolution 3 appoints Dharmendra Varasada as Executive Director for 3 years (99.997% in favor). Promoters backed all resolutions fully. About 4.8 crore shares were polled by 60 shareholders.
Shareholder nod clears Thane asset sale, which could unlock capital. Also approves CEO pay hike and new executive director for 3-year term, signalling management continuity.