Postal Ballot Scrutinizer''s report and voting results
WEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Wonder Electricals Ltd conducted a postal ballot (notice dated March 22, 2025) to seek shareholder approval for material related party transaction(s) with M/s Stamping & More LLP. The ordinary resolution has been approved by shareholders with the requisite majority. Out of 13.40 crore total outstanding shares, only 1.45 crore shares (10.79%) participated in the e-voting process. Of the votes cast, 14,453,829 shares (99.9999%) voted in favour while only 8 shares (0.0001%) voted against the resolution. Promoter and promoter group, being interested in the resolution, abstained from voting (0 votes). The scrutinizer, Rubina Vohra & Associates, has confirmed the e-voting was conducted in a fair and transparent manner through NSDL's remote e-voting platform.
The material related party transaction with Stamping & More LLP is now formally approved and can proceed. The near-unanimous approval from voting public shareholders (99.9999% in favour) signals strong shareholder confidence in the transaction. However, the low voting turnout (~10.79%) and promoter abstention mean the decision essentially rests with non-promoter shareholders.