Neelkanth appoints Bhimjyani as Chairman & Managing Director
Neelkanth Limited announced the appointment of Bhavik Bhimjyani as Chairman & Managing Director and Devidas Jayram Shejul as Independent Director following a postal ballot. Shareholders also approved amendments to the Articles of Association. The resolutions passed with 99.9997% of votes in favour, with 3,156,558 votes cast for and 11 against.
*this image is generated using AI for illustrative purposes only.
Neelkanth Limited has appointed Bhavik Bhimjyani as its Chairman & Managing Director following approval from shareholders through a postal ballot. The company also appointed Devidas Jayram Shejul as an Independent Director and approved amendments to its Articles of Association. The resolutions were passed with the requisite majority during the remote e-voting period which ended on May 27, 2026.
The postal ballot sought shareholder approval on three key resolutions. The first was a special resolution to amend the Articles of Association of the Company. The second special resolution concerned the appointment of Mr. Devidas Jayram Shejul (DIN: 10868647) as an Independent Director. The third was an ordinary resolution to appoint Mr. Bhavik Bhimjyani (DIN: 00160121) as Chairman & Managing Director.
The remote e-voting period commenced at 9:00 a.m. IST on April 28, 2026, and concluded at 5:00 p.m. IST on May 27, 2026. A total of 3,156,558 votes were cast in favour of the resolutions, representing 99.9997% of the total votes polled. Only 11 votes were cast against the resolutions. The scrutinizer's report confirmed that all resolutions were passed with the requisite consent.
Voting Results Summary
| Resolution Description | Type | Votes For | Votes Against | % For |
|---|---|---|---|---|
| Amendment to Articles of Association | Special | 3,156,558 | 11 | 99.9997% |
| Appointment of Devidas Jayram Shejul as Independent Director | Special | 3,156,558 | 11 | 99.9997% |
| Appointment of Bhavik Bhimjyani as Chairman & Managing Director | Ordinary | 3,156,558 | 11 | 99.9997% |
The scrutinizer for the postal ballot process was Hemanshu R. Upadhyay, Proprietor of M/s. HRU & Associates, Practicing Company Secretaries. The detailed voting results and the scrutinizer's report are available on the company's website and the National Securities Depositories Limited e-voting portal.
Historical Stock Returns for Neelkanth
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | +4.51% | -14.76% | -13.73% | +1,917.21% |
What strategic changes does Bhavik Bhimjyani plan to implement as the new Chairman & Managing Director?
How will the amendments to the Articles of Association impact the company's governance structure?
What role will the newly appointed Independent Director, Devidas Jayram Shejul, play in enhancing board oversight?
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