At a glance:
Viaz Tyres Limited held its Extra Ordinary General Meeting (EGM) on May 28, 2025. The agenda? Appointing 3 directors. The result? A clean sweep. Every resolution was passed with 100% votes in favour, unless you count the 44.83 lakh promoter votes that got disqualified because of a little thing called conflict of interest. Oops. But don’t worry, the directors still made it to the team.
📋 The 3 Resolutions — Explained Like IPL Commentary
| 📌 Resolution | 👔 Candidate | 🧾 Type | ✅ Status |
|---|---|---|---|
| 1️⃣ | Manishkumar Arvindji Vihol (DIN: 10982835) | Independent Director (Non-Executive) | ✅ Passed 100% |
| 2️⃣ | Dhaval Bipinbhai Mashru (DIN: 10986076) | Independent Director (Non-Executive) | ✅ Passed 100% |
| 3️⃣ | Kenaben Parichaykumar Patel (DIN: 08629886) | Director (Non-Executive) | ✅ Passed (After 44.83L votes disqualified) |
📊 Voting Data – Crunched with Love & Sarcasm
🗳️ Resolution 1: Manishkumar Arvindji Vihol
No drama, no disqualifications, only devotion
| Shareholder Type | Shares Held | Votes Cast | % Turnout | % In Favour | % Against |
|---|---|---|---|---|---|
| Promoters | 89,52,800 | 89,52,800 | 100% | 100% | 0% |
| Public – Non Inst | 32,98,200 | 7,66,200 | 23.2% | 100% | 0% |
| Institutions | 0 | 0 | 0% | – | – |
| Total | 1,22,51,000 | 97,19,000 | 79.33% | 100% | 0% |
🗳️ Resolution 2: Dhaval Bipinbhai Mashru
Copy-paste of Resolution 1, because why innovate when you’ve got 100%?
| Same exact numbers as Resolution 1, because why not? 😴
🗳️ Resolution 3: Kenaben Parichaykumar Patel
This one’s got a plot twist 🎬
- Promoter votes of 44,83,050 were disqualified due to being relatives of the appointee.
- But the remaining 52.35 lakh valid votes still ensured a win.
| Shareholder Type | Votes Cast | % In Favour | % Against | 🚫 Invalid Votes |
|---|---|---|---|---|
| Valid Votes | 52,35,950 | 100% | 0% | 44,83,050 |
🕵️ Scrutinizer Report Highlights
🧑⚖️ Nikunj Kanabar & Associates carried out the voting audit and confirmed:
- Remote e-voting took place from May 25–27, 2025
- Physical voting conducted at the registered office
- No votes against any resolution
- No invalid votes, except the 44.83L self-voting mishap
“This report has been issued only for NSE and Company website purposes. Don’t use it for LinkedIn endorsements.”
– Nikunj Kanabar, politely covering legal bases.
🏢 Venue, Tech & Numbers
📍 Maple Trade, Nr. Surdhara Circle, Sal Hospital Road, Thaltej, Ahmedabad
🧠 Tech backend: NSDL e-voting portal
🧾 Total eligible equity: 1.22 Cr shares
🟢 Total votes polled: 97.19 lakh (79.33%)
🧨 Drama: 44.83 lakh promoter votes ignored in 1 resolution due to family ties
🤨 EduInvesting Take
- 🪑 Boardroom Musical Chairs: In just one meeting, Viaz Tyres added three directors to the mix. That’s more new faces than in most Indian remakes of Hollywood films.
- 🧾 Promoter Self-Vote Disqualified: Love how they still tried to vote for their own family appointment. At least the scrutinizer read the rulebook.
- 📉 Public institutions gave it a miss: Not a single share voted from institutional investors. Either they’re too chill or already sold out.
- 🧘 Resolutions passed with Zen-level calmness: No abstains, no rejections. Rare sight.
🎯 What’s Next for VIAZ Tyres?
- Watch for Boardroom overhauls — this could be strategic, or just a musical chair of names.
- Expect market moves if these new directors bring in fresh capital, products, or partnerships.
- The EGM lacked shareholder fireworks, but the stock might not — stay tuned.
🗓️ Published: May 29, 2025
✍️ By: Prashant Marathe
Tags: Viaz Tyres, EGM Results, NSE Filings, Boardroom Changes, SEBI Regulation 44(3), Promoter Voting, Independent Director, Shareholder Meeting, Corporate Governance, EduInvesting
