News Corporate Actions Bimetal Bearings Limited Announces Postal Ballot Results for Independent Director Re-appointmentBimetal Bearings Limited Announces Postal Ballot Results for Independent Director Re-appointment
Bimetal Bearings Limited announced successful completion of postal ballot process for re-appointment of Independent Director Mrs. Rashmi H. Urdhwareshe, receiving 99.98% shareholder approval. The e-voting process conducted from December 2-31, 2025, saw participation from promoter group (100% approval) and public shareholders (99.50% approval), with the director appointed for three-year term effective January 9, 2026.
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Bimetal Bearings Limited has announced the successful completion of its postal ballot process for the re-appointment of an Independent Director. The company conducted remote e-voting from December 2, 2025, to December 31, 2025, achieving overwhelming shareholder support for the proposed resolution.
Postal Ballot Results
The special resolution for Mrs. Rashmi H. Urdhwareshe's re-appointment as an Independent Director received exceptional shareholder approval. The voting results demonstrate strong confidence in the proposed appointment:
| Resolution Details | Votes Cast | Percentage |
|---|---|---|
| In Favour | 29,85,159 | 99.98% |
| Against | 640 | 0.02% |
| Total Shares Voted | 29,85,799 | 100.00% |
The special resolution was passed with 99.98% of the votes cast in favor, significantly exceeding the required threshold for approval.
Shareholder Category Breakdown
The detailed voting pattern across different shareholder categories shows comprehensive support:
| Shareholder Category | Shares Held | Votes in Favour | Votes Against | Approval Rate |
|---|---|---|---|---|
| Promoter Group | 28,57,726 | 28,57,726 | 0 | 100.00% |
| Public Non-Institutions | 1,28,073 | 1,27,433 | 640 | 99.50% |
| Total | 29,85,799 | 29,85,159 | 640 | 99.98% |
Director Re-appointment Details
Mrs. Rashmi H. Urdhwareshe (DIN-08668140) will serve as an Independent Director for her second term, spanning three years with effect from January 9, 2026. This re-appointment follows the company's commitment to maintaining strong corporate governance practices through experienced independent oversight.
Regulatory Compliance
The postal ballot process was conducted in strict adherence to regulatory requirements under Section 108 and 110 of the Companies Act, 2013, and Rule 20 and 22 of the Companies (Management and Administration) Rules, 2014. The process also complied with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
| Process Details | Information |
|---|---|
| Cut-off Date | November 21, 2025 |
| Total Shareholders | 6,771 |
| Voting Period | December 2-31, 2025 |
| BSE Scrip Code | 505681 |
Corporate Communication
The company has submitted the scrutinizer's report to BSE Limited, fulfilling its disclosure obligations under Regulation 44. KSR & CO Company Secretaries LLP served as the appointed scrutinizer, with V.R. Sankaranarayanan conducting the scrutiny process. The successful completion of this postal ballot process reinforces Bimetal Bearings Limited's commitment to transparent corporate governance and shareholder engagement in key board appointments.
Historical Stock Returns for Bimetal Bearings
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.68% | -3.57% | -7.85% | -11.22% | -8.76% | +90.48% |
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