NewsVentura Guaranty Limited Announces Appointment of Shilpa Majethia as Director Following Postal Ballot ApprovalVentura Guaranty Limited Announces Appointment of Shilpa Majethia as Director Following Postal Ballot Approval
Ventura Guaranty Limited has announced the appointment of Mrs. Shilpa Majethia as a Non-Executive, Non-Independent Director following approval through a postal ballot conducted via remote e-voting. The resolution was passed with 99.99% of votes in favour, with 675,408 votes supporting the appointment and 50 votes against. The remote e-voting process was conducted from March 18, 2026, to April 16, 2026, with Roy Jacob appointed as the scrutinizer for the process.
*this image is generated using AI for illustrative purposes only.
Ventura Guaranty Limited has announced the successful appointment of Mrs. Shilpa Majethia as a Non-Executive, Non-Independent Director of the company, following approval through a postal ballot conducted via remote e-voting process. The resolution was passed with the requisite majority on April 16, 2026, as confirmed by the scrutinizer's report submitted to Mrs. Sudha Ganapathy, CFO, Company Secretary & Compliance Officer.
The remote e-voting process commenced on March 18, 2026, at 9:00 a.m. IST and concluded on April 16, 2026, at 5:00 p.m. IST. The company engaged Bigshare Services Pvt Ltd as the agency for providing the remote e-voting facility to its members. Mr. Roy Jacob, proprietor of M/s. Roy Jacob & Co., was appointed as the scrutinizer for conducting the postal ballot process in accordance with the Companies Act, 2013 and SEBI Listing Regulations, 2015.
The voting results revealed strong shareholder support for the appointment. A total of 86 shareholders were on record as of the cut-off date of March 13, 2026. The resolution received 675,408 votes in favour, representing 99.99% of the total votes polled, while only 50 votes were cast against the resolution, accounting for 0.01% of the votes.
Voting Breakdown by Category
| Category | Shares Held | Votes Polled | Votes in Favour | Votes Against | % in Favour |
|---|---|---|---|---|---|
| Promoter and Promoter Group | 2,213,644 | 416,158 | 416,158 | 0 | 100.00 |
| Public - Institutions | 0 | 0 | 0 | 0 | 0.00 |
| Public – Non Institutions | 981,156 | 259,300 | 259,250 | 50 | 99.98 |
| Total | 3,194,800 | 675,458 | 675,408 | 50 | 99.99 |
The overall participation stood at 21.14% of outstanding shares, with the Promoter and Promoter Group contributing 18.80% of the votes polled and Public – Non Institutions accounting for 26.43% of their held shares. Public Institutions did not participate in the voting process.
Scrutinizer Certification
Roy Jacob, the appointed scrutinizer, certified that the resolution set out in the Notice of Postal Ballot dated February 13, 2026, has been approved and passed by the requisite consent of the members. The process was monitored through a secured link provided by Bigshare, with votes unblocked in the presence of two independent witnesses, Ms. Karuna Bowane and Ms. Pradnya Yadav. The detailed voting results and scrutinizer's report are available on the company's website at venturaguaranty.com.
Historical Stock Returns for Ventura Guaranty
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
What strategic initiatives or business expansion plans might Mrs. Shilpa Majethia's appointment signal for Ventura Guaranty's future direction?
How could the addition of a new non-executive director impact Ventura Guaranty's corporate governance structure and decision-making processes?
Will Ventura Guaranty likely pursue additional board appointments or restructuring given this successful shareholder approval process?
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