SPIC Shareholders Approve Director Appointments and Incentive

SPIC shareholders approved four resolutions via postal ballot e-voting, including the appointment of two directors and a special incentive payment.
All resolutions passed with overwhelming majority, with the highest approval at 99.99% for the independent director appointment.
The scrutinizer confirmed the voting process complied with Companies Act and SEBI LODR regulations, with results declared on May 8, 2026.
Voter participation was 54.03% of total outstanding shares, with promoters voting nearly their entire 99.97% holding in favor.