Crompton Greaves shareholders approve object clause alteration, signaling strategic shift

Crompton Greaves Consumer Electricals Limited announced the results of its postal ballot, revealing overwhelming shareholder approval for the alteration of the object clause in the company's Memorandum of Association. The special resolution, detailed in a postal ballot notice dated August 7, 2025, received 99.99% of valid votes in favor, with only 0.01% against. A total of 499,335,951 shares were voted in favor, while 13,806 shares were cast against the resolution.

The postal ballot process, which commenced on August 14, 2025, and concluded on September 12, 2025, saw participation from various shareholder categories. Public institutions cast 498,783,642 votes in favor, representing 100% of their polled votes. Public non-institutions contributed 552,309 votes in favor, constituting 97.56% of their polled votes, with 13,806 votes against.

The scrutinizer, Alifya Sapatwala of Mehta & Mehta, confirmed that the special resolution passed with the requisite majority. The results were officially announced on September 12, 2025, and the scrutinizer's report is available on the company's website.