Voting results for EGM of Yarn Syndicate Limited
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Yarn Syndicate Limited held an Extra-Ordinary General Meeting (EGM) on 9th June 2025 via video conferencing, which lasted just 6 minutes. The single resolution put to shareholders was the appointment of Mr. Mithleshkumar M Agrawal (DIN: 03468643) as a Non-Executive and Non-Independent Director. The resolution was passed with overwhelming approval, receiving 99.99% of votes in favour out of 1,348,146 votes polled (about 6.2% of total outstanding shares). Promoters voted unanimously in favour with all 11,15,555 shares backing the appointment, while public shareholders also supported it with 99.97% in favour (only 63 votes against). The EGM was attended by 36 shareholders through video conferencing, out of a total 10,518 shareholders on record.
This is a routine board appointment with near-unanimous shareholder approval, suggesting no controversy. The resolution strengthens the existing promoter family influence on the board, as the new director appears to be from the Agrawal family. No material impact expected on stock price.