Williamson Financial Services shareholders have approved the reappointment of Mohan Dhanuka as an Independent Director for a second consecutive five-year term. The resolution was passed via remote e-voting under a postal ballot process that concluded on July 25, 2026. The approval secures continuity in the company’s board governance structure, with Dhanuka retaining his role as an independent member of the Board of Directors.

The voting results were declared by the company on July 27, 2026, following scrutiny by Atul Kumar Labh, proprietor of A. K. Labh & Co., who was appointed as the scrutinizer. The process adhered to Regulation 30 and Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as well as Section 108 of the Companies Act, 2013. The e-voting period commenced on June 26, 2026, at 09:00 a.m. IST and ended on July 25, 2026, at 5:00 p.m. IST.

The special resolution required a significant majority given its nature. A total of 5,291,775 votes were polled out of 8,359,136 shares held by shareholders on the record date of June 19, 2026. This represents a participation rate of approximately 63.31% of outstanding shares. The promoters and promoter group held 5,234,347 shares and cast 5,233,998 votes in favor, resulting in a 100% support rate within this category.

Voting Dynamics and Opposition

While the resolution passed comfortably overall, the voting pattern revealed distinct divergence between promoter and non-institutional public shareholders. Institutional public shareholders did not participate in the vote, holding 46,744 shares but casting zero votes. In contrast, non-institutional public shareholders, holding 3,078,045 shares, saw 57,777 votes polled. Of these, only 5,682 votes were cast in favor, while 52,095 votes were cast against the reappointment. This resulted in a support rate of just 9.83% among participating non-institutional public voters.

The high level of opposition from retail and non-institutional investors contrasts sharply with the unanimous support from the promoter group. Despite the dissent, the sheer volume of promoter shares ensured the resolution passed with 99.02% of total valid votes cast in favor. No invalid votes were recorded during the process.

Scrutinizer Report Details

Atul Kumar Labh, Practicing Company Secretary (Membership No. FCS 4848), submitted his report on July 27, 2026. The report confirmed that the e-voting registers were unblocked in the presence of two independent witnesses, Muskan Jaiswal and Anushree Dasgupta, neither of whom are employed by the company. The results were downloaded from the National Securities Depository Limited (NSDL) e-voting platform at 10:55 a.m. on July 27, 2026. The company secretary, Anushree Biswas Dutt, confirmed receipt of the scrutinizer’s report and the validity of the outcome.

Williamson Financial Services Ltd has confirmed the dispatch of the postal ballot notice regarding the re-appointment of Mr. Mohan Dhanuka as an Independent Director. The notice was sent electronically on June 25, 2026, and a newspaper advertisement confirming the dispatch was published on Friday, June 26, 2026, in “Millennium Post” (English) and “Dainik Assam” (Assamese). The resolution seeks shareholder approval for a second term of five consecutive years, extending his tenure from February 11, 2026, to February 10, 2031.

The Board has recommended the re-appointment based on Mr. Dhanuka’s performance, including his attendance and contributions to Board and Committee meetings. He possesses over three decades of experience in the financial sector, specializing in accounting, taxation, audit, and finance. The Nomination and Remuneration Committee has endorsed his candidature, confirming he meets the independence criteria under the Companies Act, 2013, and SEBI Listing Regulations.

Postal Ballot and E-Voting Schedule

National Securities Depository Limited (NSDL) is facilitating the remote e-voting process. Shareholders registered as members on the cut-off date of Friday, June 19, 2026, are eligible to vote. The e-voting period commences at 9:00 A.M. (IST) on Friday, June 26, 2026, and concludes at 5:00 P.M. (IST) on Saturday, July 25, 2026. Physical postal ballot forms are not being dispatched; voting is restricted to the electronic mode only.

The results of the postal ballot, along with the Scrutinizer’s Report, will be announced on or before Monday, July 27, 2026. These results will be available on the company’s website, the NSDL e-voting portal, and will be communicated to BSE Limited.

Director Profile and Disclosures

Mr. Mohan Dhanuka is a Non-Executive Independent Director aged about 60 years, holding a Bachelor of Commerce (Hons.) degree. He is not related to any other Director or Key Managerial Personnel of the company and does not hold any shares. His remuneration is limited to sitting fees for attending Board and Committee meetings, as decided within the limits of Section 197 of the Companies Act, 2013.

Mr. Atul Kumar Labh, Practising Company Secretary (Membership No. FCS 4848), has been appointed as the Scrutinizer to ensure the fair conduct of the postal ballot process.