EPL Limited Announces Postal Ballot Results with Strong Shareholder Support
EPL Limited completed its postal ballot process with exceptional shareholder support, achieving 99.24% approval for Anand Kripalu's appointment as Non-Executive Director, 99.66% for Hemant Bakshi as Director, and 99.97% for Bakshi's role as Managing Director & Global CEO. The remote e-voting process involved 99,172 shareholders and was conducted in full compliance with SEBI and Companies Act regulations.
*this image is generated using AI for illustrative purposes only.
EPL Limited announced the successful completion of its postal ballot process on March 27, 2026, with shareholders demonstrating overwhelming support for key board appointments through remote e-voting. The company's shareholders participated in the electronic voting process that ran from February 25, 2026, to March 26, 2026, with all three proposed resolutions receiving requisite majority approval.
Postal Ballot Process and Regulatory Framework
The postal ballot was conducted exclusively through remote e-voting in accordance with Regulation 44 of SEBI LODR Regulations and Section 108 of the Companies Act, 2013. The voting process commenced at 9:00 AM on February 25, 2026, and concluded at 5:00 PM on March 26, 2026. Mr. Dilip Bharadiya, Partner of M/s. Dilip Bharadiya & Associates, served as the appointed scrutinizer to ensure fair and transparent voting.
| Parameter: | Details |
|---|---|
| Total Shareholders on Record Date: | 99,172 |
| Record Date: | February 20, 2026 |
| Voting Period: | February 25 - March 26, 2026 |
| Total Outstanding Shares: | 32,02,33,901 |
| Scrutinizer: | Mr. Dilip Bharadiya (FCS 7956) |
Resolution Results and Voting Outcomes
All three resolutions presented to shareholders received exceptional approval rates, demonstrating strong institutional and retail investor confidence in the proposed appointments.
Item 1: Appointment of Mr. Anand Kripalu as Non-Executive Director
| Category: | Votes Polled | Votes in Favour | Approval Rate (%) |
|---|---|---|---|
| Promoter and Promoter Group: | 8,44,79,781 | 8,44,79,781 | 100.00 |
| Public-Institutions: | 6,87,34,779 | 6,68,43,492 | 97.25 |
| Public-Non Institutions: | 9,72,69,420 | 9,72,62,038 | 99.99 |
| Grand Total: | 25,04,83,980 | 24,85,85,311 | 99.24 |
The ordinary resolution for appointing Mr. Anand Kripalu (DIN: 00118324) as Non-Executive, Non-Independent Director effective April 1, 2026, secured 99.24% approval from voting shareholders.
Item 2: Appointment of Mr. Hemant Bakshi as Director
| Category: | Votes Polled | Votes in Favour | Approval Rate (%) |
|---|---|---|---|
| Promoter and Promoter Group: | 8,44,79,781 | 8,44,79,781 | 100.00 |
| Public-Institutions: | 6,87,34,779 | 6,78,98,494 | 98.78 |
| Public-Non Institutions: | 9,72,69,420 | 9,72,61,947 | 99.99 |
| Grand Total: | 25,04,83,980 | 24,96,40,222 | 99.66 |
Shareholders approved the ordinary resolution for Mr. Hemant Bakshi's (DIN: 02362738) appointment as Director effective January 1, 2026, with 99.66% support.
Item 3: Appointment of Mr. Hemant Bakshi as Managing Director & Global CEO
| Category: | Votes Polled | Votes in Favour | Approval Rate (%) |
|---|---|---|---|
| Promoter and Promoter Group: | 8,44,79,781 | 8,44,79,781 | 100.00 |
| Public-Institutions: | 6,82,93,599 | 6,82,28,140 | 99.90 |
| Public-Non Institutions: | 9,72,69,618 | 9,72,61,902 | 99.99 |
| Grand Total: | 25,00,42,998 | 24,99,69,823 | 99.97 |
The special resolution appointing Mr. Hemant Bakshi as Managing Director & Global Chief Executive Officer for a five-year term from January 1, 2026, to December 31, 2030, received overwhelming 99.97% approval.
Documentation and Compliance
The company dispatched the postal ballot notice on February 23, 2026, to 94,034 members via email, followed by a corrigendum on March 20, 2026. The process adhered to various MCA circulars and SEBI regulations, ensuring complete transparency and regulatory compliance. National Securities Depositories Limited (NSDL) provided the remote e-voting facility, with the voting module disabled after the conclusion period.
The voting results and scrutinizer's report have been made available on the company's website at www.eplglobal.com and relevant stock exchange platforms, fulfilling all disclosure requirements under applicable regulations.
Historical Stock Returns for EPL
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.70% | +5.83% | -1.54% | -0.05% | +5.39% | -9.11% |
What strategic initiatives will Mr. Hemant Bakshi implement as the new Managing Director & Global CEO to drive EPL Limited's growth over his five-year term?
How might the new leadership appointments impact EPL Limited's expansion plans in international markets and competitive positioning?
What changes in corporate governance or operational strategy can shareholders expect following the board restructuring?
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