KFintech Shareholders Approve Director Appointment & Remuneration via Postal Ballot
KFin Technologies Limited announced the outcome of its postal ballot, wherein shareholders approved three key resolutions. The resolutions included the appointment of Mr. Devang Gheewalla as a Nominee...
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Why is Kfin Technologies Limited in the news today?
Kfin Technologies Limited (KFINTECH) is in the news due to the company successfully passed all proposed resolutions with a significant majority, indicating shareholder confidence and agreement with the management's proposals.
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KFintech Shareholders Approve Director Appointment & Remuneration via Postal Ballot
December 18, 2025, 02:45 PM
KFin Technologies Limited announced the outcome of its postal ballot, wherein shareholders approved three key resolutions. The resolutions included the appointment of Mr. Devang Gheewalla as a Nominee Director, the change in designation of Mr. Alok Chandra Misra from Non-Executive Nominee Director to Non-Executive Director along with his remuneration, and the approval of remuneration for Non-Executive Independent Directors.
The postal ballot notice was initially sent out on November 18, 2025. The e-voting period commenced on November 19, 2025, and concluded on December 18, 2025. The results, based on the Scrutinizer's Report dated December 18, 2025, indicate that all three resolutions were passed with the requisite majority.
Specifically, the ordinary resolution to appoint Mr. Devang Gheewalla received overwhelming support, with 98.7795% of the votes in favour. The special resolution to change Mr. Alok Chandra Misra's designation and approve his remuneration saw 97.3248% of votes in favour. The special resolution concerning the remuneration of Non-Executive Independent Directors was also overwhelmingly approved, with 99.9827% of votes in favour.
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