Vishal Mega Mart shareholders approve appointment of two directors via postal ballot
Vishal Mega Mart Limited announced the voting results of a postal ballot conducted for seeking approval from its members. The resolutions pertained to the appointment of Mr. Vageesh Gupta as a Non-Exe...
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Why is Vishal Mega Mart Limited in the news today?
Vishal Mega Mart Limited (VMM) is in the news due to the company successfully conducted a postal ballot and received strong approval from its shareholders for the appointment of two directors, indicating positive shareholder engagement and confidence in the board's decisions.
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Vishal Mega Mart shareholders approve appointment of two directors via postal ballot
December 18, 2025, 11:12 AM
Vishal Mega Mart Limited announced the voting results of a postal ballot conducted for seeking approval from its members. The resolutions pertained to the appointment of Mr. Vageesh Gupta as a Non-Executive, Non-Independent Director and Mr. Yogesh Yadav as an Independent Director.
The postal ballot notice was issued on November 17, 2025, with the remote e-voting period commencing on November 18, 2025, and concluding on December 17, 2025. The Scrutinizer's report, dated December 18, 2025, confirmed that both resolutions were passed by the members with the requisite majority. The resolutions are deemed to have been passed on December 17, 2025.
For the appointment of Mr. Vageesh Gupta, 99.16% of the votes polled were in favour. For the appointment of Mr. Yogesh Yadav as an Independent Director for a term of five years from November 13, 2025, to November 12, 2030, 99.84% of the votes polled were in favour. The company has made the voting results available on its website.
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