Kolte Patil Developers Ltd. Postal Ballot Results Approved: Director Appointments and Remuneration
Kolte-Patil Developers Limited has submitted the voting results along with the Scrutinizer's Report for a postal ballot that concluded on December 28, 2025. The postal ballot notice was dispatched on ...
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Why is Kolte - Patil Developers Limited in the news today?
Kolte - Patil Developers Limited (KOLTEPATIL) is in the news due to the company successfully passed all resolutions through postal ballot, including the appointment of new directors and approval of director remuneration, indicating positive corporate governance and shareholder confidence.
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Kolte Patil Developers Ltd. Postal Ballot Results Approved: Director Appointments and Remuneration
December 29, 2025, 12:04 PM
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Kolte-Patil Developers Limited has submitted the voting results along with the Scrutinizer's Report for a postal ballot that concluded on December 28, 2025. The postal ballot notice was dispatched on November 28, 2025, and the voting period commenced on November 29, 2025, concluding on December 28, 2025.
Key resolutions passed include the appointment of Ms. Avani Vishal Davda as an Independent Director for a five-year term starting November 11, 2025, with 96.31% of valid votes in favor. Additionally, Mr. Dalip Charanijit Sehgal was appointed as a Non-Executive and Non-Independent Director, receiving unanimous approval with 100% of valid votes in favor. Shareholders also approved the remuneration payable to Non-Executive - Independent Directors by way of commission, with 96.34% of valid votes in favor.
The Scrutinizer, CS Nitin Prabhune, confirmed the compliance with relevant regulations and reported that out of 110 shareholders who cast votes, a significant majority supported all resolutions. The register of postal ballot and other relevant records will be maintained in electronic mode and handed over to the Chairman after the minutes are approved.
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