Phoenix Mills Shareholders Approve Shishir Shrivastava's Redesignation as Vice Chairman
Shareholders of The Phoenix Mills Limited have approved two key resolutions via postal ballot with an overwhelming majority. The first resolution, passed with 99.81% votes in favor, redesignates Mr. Shishir Shrivastava from Managing Director to Non-Executive Vice Chairman. The second resolution, regarding the payment of remuneration and commission to Non-Executive Directors, was approved with 98.91% support. Total voter turnout was high, with 313.4 million votes polled, representing approximately 87.65% of the total outstanding shares.
முக்கிய அம்சங்கள்
Redesignation of Shishir Shrivastava as Vice Chairman approved with 99.81% votes in favor
Remuneration and commission for Non-Executive Directors approved with 98.91% support
Total voter turnout reached 87.65% of outstanding shares with 313.4 million votes cast
Promoter and Promoter Group showed 100% support for both management-related resolutions
Resolutions were declared passed on December 28, 2025, following the remote e-voting period
👀 கவனிக்க வேண்டியவை
This leadership transition appears to be a planned move and was met with strong shareholder consensus. Investors should continue to monitor the company's operational performance under the adjusted board structure.
