Zen Technologies Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
ZENTEC · price
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Awaiting price reaction for this filing.
Zen Technologies Limited announced the results of its postal ballot concluded on July 20, 2025, with both ordinary resolutions approved by shareholders. Resolution 1, approving material related party transactions with Unistring Tech Solutions Private Limited, passed overwhelmingly with 99.87% of votes in favour (5.51 crore shares for vs. 72,309 against). Resolution 2, pertaining to an increase in remuneration for related party Mr. Arjun Dutt Atluri (Vice President), passed with 78.50% support (2.81 crore shares for vs. 76.88 lakh against), but saw significant dissent of 21.50%. Mr. Arjun Dutt Atluri and his relatives abstained from voting on Resolution 2 as required under Section 188. Public institutions notably opposed Resolution 2 with 71.17% voting against, while promoters voted fully in favour of both resolutions.
Both resolutions are approved, so the company can proceed with the related party transactions and the executive pay hike. However, the strong institutional dissent on the remuneration resolution (over 71% of institutional votes against) signals governance concerns from large investors that shareholders should monitor, even though it did not block the resolution.