PNB Housing Finance Limited Announces Postal Ballot Results with Three Resolutions Passed
PNB Housing Finance Limited announced the successful completion of its postal ballot process on March 13, 2026, with all three ordinary resolutions receiving shareholder approval through the e-voting mechanism. The resolutions included the appointment of Mr. Ajai Kumar Shukla as Managing Director and CEO (99.50% approval), Mr. Dipankar Mahapatra as Nominee Non-Executive Director (87.77% approval), and payment of sitting fee to Mr. Dilip Kumar Jain (99.92% approval). The process was conducted in full compliance with regulatory requirements and scrutinized by M/s Sanjay Grover & Associates.
*this image is generated using AI for illustrative purposes only.
PNB Housing Finance Limited has successfully completed its postal ballot process, with all three ordinary resolutions receiving approval from shareholders through the e-voting mechanism. The company announced the results on March 13, 2026, following the completion of the voting period that ran from February 11 to March 12, 2026.
Regulatory Compliance and Process Overview
The postal ballot was conducted in compliance with Section 108 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company engaged National Securities Depository Limited (NSDL) to provide the e-voting facility to its members through the website www.evoting.nsdl.com .
| Parameter: | Details |
|---|---|
| Total Members on Record Date: | 2,01,302 |
| Cut-off Date: | February 06, 2026 |
| Voting Period: | February 11, 2026 (09:00 AM) to March 12, 2026 (05:00 PM) |
| Total Paid-up Share Capital: | INR 2,60,50,85,630 |
| Number of Equity Shares: | 26,05,08,563 |
| Face Value per Share: | INR 10 |
Resolution Results and Voting Details
All three ordinary resolutions were passed with overwhelming support from shareholders. The voting results demonstrated strong institutional and promoter backing across all proposals.
Resolution 1: Appointment of Managing Director and CEO
The appointment of Mr. Ajai Kumar Shukla (DIN:11358498) as Managing Director and Chief Executive Officer received the highest approval rate among all resolutions.
| Category: | Votes Polled | Votes in Favour | Votes Against | Approval Rate (%) |
|---|---|---|---|---|
| Promoter and Promoter Group: | 73051205 | 73051205 | 0 | 100.00 |
| Public-Institutions: | 138685135 | 137792235 | 892900 | 99.36 |
| Public-Non Institutions: | 510329 | 346793 | 163536 | 67.95 |
| Total: | 212246669 | 211190233 | 1056436 | 99.50 |
Resolution 2: Appointment of Nominee Non-Executive Director
The appointment of Mr. Dipankar Mahapatra (DIN:09446502) as Nominee Non-Executive Director was approved with significant majority support.
| Category: | Votes Polled | Votes in Favour | Votes Against | Approval Rate (%) |
|---|---|---|---|---|
| Promoter and Promoter Group: | 73051205 | 73051205 | 0 | 100.00 |
| Public-Institutions: | 138707640 | 112902772 | 25804868 | 81.40 |
| Public-Non Institutions: | 510065 | 346374 | 163691 | 67.91 |
| Total: | 212268910 | 186300351 | 25968559 | 87.77 |
Resolution 3: Payment of Sitting Fee
The resolution for payment of sitting fee to Mr. Dilip Kumar Jain (DIN: 06822012), Non-Executive Nominee Director, received near-unanimous approval.
| Category: | Votes Polled | Votes in Favour | Votes Against | Approval Rate (%) |
|---|---|---|---|---|
| Promoter and Promoter Group: | 73051205 | 73051205 | 0 | 100.00 |
| Public-Institutions: | 138707640 | 138707640 | 0 | 100.00 |
| Public-Non Institutions: | 510214 | 341974 | 168240 | 67.03 |
| Total: | 212269059 | 212100819 | 168240 | 99.92 |
Scrutinizer's Report and Compliance
The postal ballot process was scrutinized by Mr. Sujeet Kumar (FCS No. 12562, C.P. No.: 22684), Partner of M/s Sanjay Grover & Associates, Company Secretaries. The scrutinizer was appointed by the Board of Directors on February 04, 2026, to ensure fair and transparent voting process.
Key compliance highlights include:
- Postal ballot notice dispatched to all eligible members with registered email addresses
- Advertisements published in Business Standard (English and Hindi) on February 11, 2026
- Remote e-voting monitored through scrutinizer's secured link provided by NSDL
- No invalid votes reported across all three resolutions
The resolutions are deemed to have been passed on March 12, 2026, being the last date of the remote e-voting period. The company has fulfilled all regulatory requirements under the Companies Act, 2013, and SEBI Listing Regulations for the postal ballot process.
Historical Stock Returns for PNB Housing Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.43% | +1.49% | -8.92% | -8.50% | -3.60% | +148.24% |
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