Sterling & Wilson Solar shareholders approve reappointment of Pallon Mistry

Resolution pertaining to material related-party transactions also approved

Disregarding the advice of proxy advisory firms to vote against proposals recommended by the company, shareholders for Sterling & Wilson Solar (S&W Solar) approved the reappointment of Pallon Mistry, according to data shared with the exchanges on Friday.  

The company held its annual general meeting on September 30 and put to vote seven resolutions, including adoption of accounts and reappointment of Mistry.  

A week before the meeting, proxy advisory firm InGovern had asked shareholders to vote against four of the seven resolutions, including the one on reappointing Mistry as director and Keki Elavia as an independent director.

According to data released by the