Sahyadri Industries Limited announced the voting results of its postal ballot conducted for the appointment and re-appointment of independent directors. The company filed the scrutinizer's report and voting results with the stock exchanges.
Voting Process Details
The postal ballot was conducted through remote e-voting facilitated by National Securities Depository Limited (NSDL). The voting period commenced from 9:00 a.m. (IST) on Sunday, May 24, 2026, and ended at 5:00 p.m. (IST) on Monday, June 22, 2026. The record date for determining eligible shareholders was Friday, May 15, 2026, with 10,843 shareholders registered as of that date.
Notice of the postal ballot was dispatched to members via email on Friday, May 22, 2026. Hard copies were not sent to members in accordance with MCA circular requirements.
Resolution 1: Appointment of Sunil Suratwala
Description: Appointment of Mr. Sunil Suratwala (DIN: 00490715) as Non-Executive Independent Director for a term of 5 years.
Voting Results:
- Total votes polled: 7,827,676 shares (71.5098% of outstanding shares)
- Votes in favor: 7,826,895 shares (99.99% of valid votes)
- Votes against: 781 shares (0.01% of valid votes)
- Invalid votes: 0
- Abstained votes: 0
- Number of members who voted: 45
Category-wise Breakdown:
- Promoter and Promoter Group: 7,784,791 shares voted (100% in favor)
- Public Institutions: 0 shares voted (out of 1,000 shares held)
- Public Non-Institutions: 42,885 shares voted (98.18% in favor, 1.82% against)
The resolution was passed as a special resolution with requisite majority.
Resolution 2: Re-appointment of Moushmi Shaha
Description: Re-appointment of Mrs. Moushmi Shaha (DIN: 02915342) as Non-Executive Independent Director for a second term of five years.
Voting Results:
- Total votes polled: 7,827,676 shares (71.5098% of outstanding shares)
- Votes in favor: 7,826,895 shares (99.99% of valid votes)
- Votes against: 781 shares (0.01% of valid votes)
- Invalid votes: 0
- Abstained votes: 0
- Number of members who voted: 45
Category-wise Breakdown:
- Promoter and Promoter Group: 7,784,791 shares voted (100% in favor)
- Public Institutions: 0 shares voted (out of 1,000 shares held)
- Public Non-Institutions: 42,885 shares voted (98.18% in favor, 1.82% against)
The resolution was passed as a special resolution with requisite majority.
Scrutinizer Details
Ashwini Inamdar, Practising Company Secretary and Partner of M/s. Mehta & Mehta, Company Secretaries, was appointed as scrutinizer by the Board of Directors on May 9, 2026. The scrutinizer submitted the report on June 24, 2026, confirming that the e-voting process was conducted in a fair and transparent manner.
General Company Information
- NSE Symbol: SAHYADRI
- MSEI Symbol: NOTLISTED
- Type of meeting: Postal Ballot