NewsBliss GVS Pharma Shareholders Approve Appointment of Two Independent Directors via Postal BallotBliss GVS Pharma Shareholders Approve Appointment of Two Independent Directors via Postal Ballot
Bliss GVS Pharma Limited disclosed postal ballot results for two special resolutions appointing Mr. Vijayanarayanan Mahadevan (DIN: 06639177) and Mr. Deepak Rameshchandra Shah (DIN: 06954206) as Non-Executive Independent Directors for five-year terms each. Both resolutions were passed with 99.72% votes in favour out of 5,19,88,637 total votes polled, with nil invalid votes across all shareholder categories. The e-voting process was conducted via CDSL between April 10 and May 09, 2026, with Mr. Vijay Yadav of M/s. AVS & Associates serving as Scrutinizer.
*this image is generated using AI for illustrative purposes only.
Bliss GVS Pharma Limited has disclosed the voting results of its postal ballot conducted through a remote e-voting process, pursuant to Section 108 and Section 110 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The record date for determining eligible shareholders was April 07, 2026, on which date the total number of shareholders stood at 45,804. Two special resolutions were put to vote, both concerning the appointment of Non-Executive Independent Directors for a term of five years each.
Postal Ballot Process and Scrutinizer's Report
The Board of Directors of Bliss GVS Pharma appointed Mr. Vijay Yadav (FCS - 11990), Partner of M/s. AVS & Associates, Company Secretaries, as the Scrutinizer for the postal ballot and e-voting process via a circular resolution passed on April 03, 2026. The e-voting facility was provided by Central Depository Services (India) Limited (CDSL). The voting period commenced on Friday, April 10, 2026 (09:00 A.M. IST) and concluded on Saturday, May 09, 2026 (05:00 P.M. IST). The Scrutinizer submitted his report to the Company on May 11, 2026, and the results were disclosed on May 12, 2026.
Resolution 1: Appointment of Mr. Vijayanarayanan Mahadevan as Independent Director
The first special resolution pertained to the appointment of Mr. Vijayanarayanan Mahadevan (DIN: 06639177) as a Non-Executive Independent Director for a term of five years. The promoter and promoter group were not interested in this resolution. The detailed voting outcome is presented below:
| Category: | Shares Held | Votes Polled | % Polled | Votes in Favour | Votes Against | % in Favour | % Against |
|---|---|---|---|---|---|---|---|
| Promoter & Promoter Group | 3,74,04,297 | 3,45,79,212 | 92.45 | 3,45,79,212 | 0 | 100.00 | 0.00 |
| Public Institutions | 1,55,11,459 | 24,46,266 | 15.77 | 23,01,863 | 1,44,403 | 94.10 | 5.90 |
| Public - Non Institutions | 5,28,73,216 | 1,49,63,159 | 28.30 | 1,49,62,457 | 702 | 100.00 | 0.00 |
| Grand Total | 10,57,88,972 | 5,19,88,637 | 49.14 | 5,18,43,532 | 1,45,105 | 99.72 | 0.28 |
The resolution was passed, with 99.72% of votes polled cast in favour. There were no invalid votes recorded across any shareholder category.
Resolution 2: Appointment of Mr. Deepak Rameshchandra Shah as Independent Director
The second special resolution concerned the appointment of Mr. Deepak Rameshchandra Shah (DIN: 06954206) as a Non-Executive Independent Director for a term of five years. The promoter and promoter group were not interested in this resolution either. The voting results are as follows:
| Category: | Shares Held | Votes Polled | % Polled | Votes in Favour | Votes Against | % in Favour | % Against |
|---|---|---|---|---|---|---|---|
| Promoter & Promoter Group | 3,74,04,297 | 3,45,79,212 | 92.45 | 3,45,79,212 | 0 | 100.00 | 0.00 |
| Public Institutions | 1,55,11,459 | 24,46,266 | 15.77 | 23,01,863 | 1,44,403 | 94.10 | 5.90 |
| Public - Non Institutions | 5,28,73,216 | 1,49,63,159 | 28.30 | 1,49,62,379 | 780 | 99.99 | 0.01 |
| Grand Total | 10,57,88,972 | 5,19,88,637 | 49.14 | 5,18,43,454 | 1,45,183 | 99.72 | 0.28 |
This resolution was also passed, with 99.72% of votes polled cast in favour. No invalid votes were recorded in any category.
Key Highlights of the Postal Ballot
- Record Date: April 07, 2026
- Total Shareholders on Record Date: 45,804
- Voting Period: April 10, 2026 (09:00 A.M. IST) to May 09, 2026 (05:00 P.M. IST)
- E-voting Platform: Central Depository Services (India) Limited (CDSL)
- Scrutinizer: Mr. Vijay Yadav, Partner, M/s. AVS & Associates, Company Secretaries (FCS - 11990, COP No: 16806)
- Scrutinizer's Report Date: May 11, 2026
- Total Resolutions Passed: 2
- Invalid Votes: Nil across all categories for both resolutions
The voting results and the Scrutinizer's report have been uploaded on the Company's website at www.blissgvs.com . The disclosure was submitted to the National Stock Exchange of India and BSE Limited on May 12, 2026, and was signed by Aditi Bhatt, Company Secretary of Bliss GVS Pharma Limited.
Historical Stock Returns for Bliss GVS Pharma
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.52% | +8.01% | +10.89% | +72.85% | +144.12% | +156.56% |
How might the newly appointed independent directors, Mr. Mahadevan and Mr. Shah, influence Bliss GVS Pharma's strategic direction, particularly in areas like international expansion or regulatory compliance?
Given that only ~49% of total shares were polled in this ballot, what measures could Bliss GVS Pharma take to improve shareholder participation in future governance decisions?
With two new independent directors joining the board for five-year terms, how could this strengthen Bliss GVS Pharma's corporate governance framework and potentially attract institutional investors?
18
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
