Wonder Electricals Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
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Wonder Electricals Limited has submitted the voting results and scrutinizer's report of a postal ballot conducted to seek shareholder approval for the appointment of Mr. Atul Mital (DIN: 01391029) as an Independent Director of the company. The special resolution was approved with overwhelming support, with 109,639,464 votes (99.99999%) cast in favour and just 20 votes against, out of 109,639,484 total valid votes polled. Promoter and promoter group voted entirely in favour with 96,206,900 shares, representing 81.82% voting turnout. The scrutinizer, Rubina Vohra & Associates, confirmed the resolution was passed with the requisite majority.
Mr. Atul Mital has been formally appointed as Independent Director of the company following shareholder approval. This is a routine board appointment with near-unanimous shareholder support and is unlikely to have any material impact on the stock price.