Kiran Vyapar Limited has officially declared the results of its postal ballot, which concluded on December 2, 2024. The resolutions passed include the appointment of three independent non-executive directors: Mr. Kashi Prasad Khandelwal, Mr. Chanchalmal Bachhawat, and Mr. Palepu Jagannadha Venkateswara Sarma, each of whom received overwhelming shareholder support.

The postal ballot process was conducted in compliance with the provisions of Section 110 and 108 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shareholders were given the opportunity to vote through remote e-voting, facilitated by Central Depository Services (India) Limited (CDSL), with the voting period spanning from November 3, 2024, to December 2, 2024.

The voting results showed strong approval for all three resolutions. For instance, the appointment of Mr. Khandelwal (DIN: 00748523) as an independent director was approved by 100% of the votes from the promoters and 98.69% of the public non-institutional votes, marking significant shareholder confidence in the new appointments.

The Upcoming IPOs in this week and coming weeks are Emerald Tyre Manufacturers, Dhanlaxmi Corp, Jungle Camps, Purple United, Rosmerta Digital and Avanse Financial.

The Current active IPO is Nisus Finance.

The Scrutinizer, Barsha Dikshit, from Vinod Kothari & Company, Practicing Company Secretaries, submitted a detailed report on December 4, 2024. The report confirmed that the resolutions were passed with the requisite majority, aligning with the company's commitment to transparency and governance.

Kiran Vyapar Limited’s adherence to the regulatory framework demonstrates its commitment to upholding corporate governance standards. Shareholders’ approval of these appointments signals a strategic move towards strengthening the board with experienced professionals.

For readers interested in staying updated on telecom sector developments, explore our detailed coverage on related topics. Check out the Best IPOs to Apply Now and the Top News Headlines for the latest updates.

Join our Trading with CA Abhay Telegram Channel for stock market insights and the Finance Saathi Telegram Channel for regular updates on share market trends, IPOs, and more.

Start your stock market journey today! Open a free Demat account with Choice Broking FinX to begin trading and investing with ease.