NewsGoenka Business & Finance Limited Shareholders Approve Re-appointment of Independent Directors via Postal BallotGoenka Business & Finance Limited Shareholders Approve Re-appointment of Independent Directors via Postal Ballot
Goenka Business & Finance Limited shareholders approved re-appointment of independent directors Mr. Darshil Hemendrakumar Shah and Mr. Nigambhai Govindbhai Sathavara through postal ballot concluded January 21, 2026. Both resolutions received 96.48% approval with 2,504,462 shares participating, representing 19.26% of total outstanding shares. The e-voting process was conducted through NSDL platform under scrutinizer supervision.
*this image is generated using AI for illustrative purposes only.
Goenka Business & Finance Limited has successfully completed its postal ballot process, with shareholders overwhelmingly approving the re-appointment of two independent directors for second terms. The voting concluded on January 21, 2026, with both resolutions receiving strong support from the shareholder community.
Postal Ballot Results Overview
The company conducted the postal ballot exclusively through electronic voting, in compliance with SEBI regulations and MCA circulars. The process was overseen by scrutinizer Aanal Satyawadi of M/s Aanal Satyawadi & Co., who was appointed by the board on December 16, 2025.
| Parameter: | Details |
|---|---|
| Record Date: | December 19, 2025 |
| Total Shareholders: | 14,089 |
| E-voting Period: | December 23, 2025 to January 21, 2026 |
| Total Outstanding Shares: | 13,000,100 |
| Votes Polled: | 2,504,462 shares (19.26%) |
Director Re-appointment Details
Both resolutions were classified as special resolutions and received identical voting results, demonstrating consistent shareholder confidence in the proposed appointments.
Resolution 1: Mr. Darshil Hemendrakumar Shah
| Voting Category: | Shares Held | Votes Polled | Votes in Favor | Votes Against | Approval % |
|---|---|---|---|---|---|
| Promoter Group: | 1,938,000 | 1,938,000 | 1,938,000 | 0 | 100.00% |
| Public Non-Institutions: | 11,062,100 | 566,462 | 478,292 | 88,170 | 84.44% |
| Total: | 13,000,100 | 2,504,462 | 2,416,292 | 88,170 | 96.48% |
Resolution 2: Mr. Nigambhai Govindbhai Sathavara
The second resolution for Mr. Nigambhai Govindbhai Sathavara's re-appointment received identical voting results, with 2,416,292 shares (96.48%) voting in favor and 88,170 shares (3.52%) voting against.
Voting Process and Compliance
The postal ballot was conducted in strict compliance with Section 110 of the Companies Act, 2013, and SEBI LODR Regulations. The company utilized NSDL's e-voting platform for the entire process, with no physical postal ballot forms distributed in accordance with MCA circulars.
The scrutinizer's report confirmed that all procedural requirements were met, including proper advertisement in Financial Express (English) and Sukhabar (Bengali) newspapers on December 23, 2025. The votes were unblocked and scrutinized on January 23, 2026, in the presence of two independent witnesses.
Shareholder Participation Analysis
The voting results show strong promoter group participation with 100% of their shareholding (1,938,000 shares) voting in favor of both resolutions. Among public shareholders, 566,462 shares participated in the voting process, representing 5.12% of the public shareholding of 11,062,100 shares.
Both resolutions have been declared passed with the requisite majority, enabling the company to proceed with the re-appointments for the next five-year terms. The company secretary Dharmik Ripinbhai Solanki confirmed the results to BSE, MSEI, and Calcutta Stock Exchange on January 23, 2026.
Historical Stock Returns for Goenka Business & Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -4.74% | +32.87% | +22.54% | +32.87% | 0.0% |
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