Greaves Cotton Limited — Others, 24-03-2025: Shareholders meeting

Greaves Cotton Ltd has declared that shareholders have passed two special resolutions via postal ballot. The first resolution approves the appointment of Mrs. Kavita Nair as an Independent Director, receiving 99.99% support. The second resolution enables the potential dilution of the company’s shareholding in Greaves Electric Mobility Limited to below 50% through an IPO, also passing with 99.99% approval. These outcomes enhance governance and allow flexibility for strategic financing initiatives. Investor sentiment may respond positively given the strong voting outcomes and the proactive steps towards future growth opportunities.