Shree Cement Limited has announced that its shareholders have approved a special resolution for the re-appointment of Mr. Hari Mohan Bangur as Whole Time Director, designated as Chairman of the company, for a period of five years starting from 1st April, 2026. The resolution was passed by the requisite majority through a postal ballot, with the results deemed effective as of 20th March, 2026, the last date of remote e-voting.
The postal ballot process involved electronic voting, and the company reported that 100% of the votes from the promoter and promoter group were in favour of the resolution. The public institutions showed a split decision with 49.47% of the votes in favour and 50.53% against. Meanwhile, public non-institutional votes were overwhelmingly in support, with 99.21% in favour and only 0.79% against.
Overall, the total votes cast amounted to 30,868,658, representing an 85.55% voting turnout of the 36,080,748 shares held. The aggregate results showed 86.42% of the votes in favour of the re-appointment and 13.58% against.
The scrutiniser for the postal ballot, Akshit Kumar Jangid, confirmed the voting process was conducted in a fair and transparent manner, utilising the e-voting system provided by MUFG Intime India Private Limited. The company had communicated the postal ballot notice electronically to its shareholders, in line with the circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).