NewsCorporate ActionsBimetal 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 completed its postal ballot e-voting process with 99.99% shareholder approval for re-appointing Mrs. Rashmi H. Urdhwareshe as Independent Director for three years from January 9, 2026. The remote voting conducted from December 2-31, 2025, saw participation from 60 shareholders with 29,85,159 votes in favor and only 640 against. KSR & CO Company Secretaries LLP served as scrutinizer, confirming compliance with Companies Act 2013 and SEBI regulations.
*this image is generated using AI for illustrative purposes only.
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 | 99.99% |
| Against | 640 | 0.01% |
| Total Participation | 60 shareholders | - |
The special resolution was passed with 99.9785% of the votes cast in favor, significantly exceeding the required threshold for approval.
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:
- Legal Framework: Section 108 and 110 of the Companies Act, 2013
- Rules Compliance: Rule 20 and 22 of the Companies (Management and Administration) Rules, 2014
- SEBI Regulations: Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Cut-off Date: November 21, 2025, for determining voting rights
- Voting Period: December 2, 2025 (9:00 AM IST) to December 31, 2025 (5:00 PM IST)
Scrutinizer's Certification
KSR & CO Company Secretaries LLP served as the appointed scrutinizer for the postal ballot process. V.R. Sankaranarayanan, Partner (FCS: 11684 CP: 11367), conducted the scrutiny and confirmed the validity of the voting process. The scrutinizer's report was submitted on January 1, 2026, with detailed shareholder-wise voting patterns provided separately to the company secretary.
Corporate Communication
The company has submitted the scrutinizer's report to BSE Limited under scrip code 505681, fulfilling its disclosure obligations under Regulation 44. The postal ballot notice was originally dated November 14, 2025, providing shareholders adequate time for consideration and participation in the voting 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 |
|---|---|---|---|---|---|
| 0.0% | +0.48% | -0.87% | -3.67% | -7.59% | +108.36% |
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