Kochi, January 26, 2025 –
Patspin India Limited (BSE: 514326) has announced the results of its
postal ballot and e-voting process, confirming the appointment of
Dr. Raju VP as an
Independent Director for a
five-year term from
December 16, 2024, to December 15, 2029. The resolution was passed with an
overwhelming majority of 99.94% approval.
Key Voting Highlights
- Total votes polled: 1,77,26,836
- Votes in favor: 1,77,16,668 (99.94%)
- Votes against: 10,168 (0.06%)
- Promoter approval: 100%
- Public shareholder approval: 91.58%
Regulatory Compliance & Process
The postal ballot process was conducted
electronically via Central Depository Services Limited (CDSL) from
December 26, 2024, to January 25, 2025. The scrutinizer,
MRL Narasimha, Practicing Company Secretary, confirmed compliance with
SEBI Listing Regulations and the Companies Act, 2013.
Strategic Implications
Dr. Raju's VP's appointment is expected to
strengthen corporate governance and strategic oversight at Patspin India, which operates in the
textile and yarn manufacturing sector. With this approval, the company aims to
effectively reinforce its leadership team and navigate industry challenges.
