98.9% of shareholders approved the appointment of Info Edge’s cofounder as non executive director.
Foodtech major Zomato has reappointed Info Edge’s cofounder Sanjeev Bikhchandani as the non-executive director on its board.
As per the stock exchange filings, the said resolution was passed in Zomato’s annual general meeting (AGM) that took place for the first time on August 30th after it went public.
During the AGM, Zomato’s stakeholders also acknowledged its audited financial statements for FY21-22.
98.9% of shareholders (6.1 Bn voters) voted in favour of reappointing Bikhchandani as the non-executive director of the startup during the AGM, whilst the remaining 1.09% of shareholders (67.4 Mn) voted against this proposition.
At the time of filing the report, Zomato was trading at INR 59.70 on Bombay Stock Exchange as of 2nd September.
