Electrovaya Announces Results of Annual Meeting of Shareholders
Rhea-AI Summary
Electrovaya (NASDAQ/TSX: ELVA), a lithium-ion battery technology and manufacturing company, held its 2024 Annual General Meeting on March 28th, 2025 in Toronto. All proposed resolutions received shareholder approval.
The shareholders elected six directors to the board with overwhelming support, each receiving over 97% approval votes with less than 3% withheld. The elected directors are Dr. Sankar Das Gupta, Dr. Raj Das Gupta, Dr. James Jacobs, Dr. Carolyn Hansson, Mr. Kartick Kumar, and Mr. Steven Berkenfeld. Additionally, MNP LLP was re-appointed as the company's auditors.
Positive
- Strong shareholder support with over 97% approval for all director nominees
Negative
- None.
News Market Reaction – ELVA
In the trading session that priced this news, ELVA declined 2.94%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
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TORONTO, ON / ACCESS Newswire / March 31, 2025 / Electrovaya Inc. ("Electrovaya" or the "Company")(NASDAQ:ELVA)(TSX:ELVA), a lithium-ion battery technology and manufacturing company, is pleased to announce that all of the resolutions that shareholders were asked to consider at its 2024 Annual General Meeting held on March 28th, 2025 in Toronto, Ontario, were approved. The six directors named in the management information circular of the Company, being Dr. Sankar Das Gupta, Dr. Raj Das Gupta, Dr. James Jacobs, Dr. Carolyn Hansson, Mr. Kartick Kumar, and Mr. Steven Berkenfeld were each elected as directors by over
Nominee | Votes | Votes | Percentage of | Percentage of Votes |
Dr. Sankar Das Gupta | 20,117,233 | 133,617 | ||
Dr. Carolyn Hansson | 20,010,598 | 240,252 | ||
Dr. James K. Jacobs | 20,185,600 | 65,250 | ||
Mr. Kartick Kumar | 19,767,049 | 483,801 | ||
Mr. Steven Berkenfeld | 20,012,770 | 238,080 | ||
Dr. Raj DasGupta | 20,185,775 | 65,075 |
MNP LLP, were re-appointed as the auditors of the Company.
Additional details are included in the report of voting results filed under the Company's profile on SEDAR at www.sedar.com.
About Electrovaya Inc.
Electrovaya Inc. (NASDAQ:ELVA) (TSX:ELVA) is a pioneering leader in the global energy transformation, focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries. The Company has extensive IP and designs, develops and manufactures proprietary lithium-ion batteries and battery systems for energy storage and heavy duty electric vehicles based on its Infinity Battery Technology Platform. This technology offers enhanced safety and industry leading battery longevity. The Company is also developing next generation solid state battery technology at its Labs division. Headquartered in Ontario, Canada, Electrovaya has two operating sites in Canada and has acquired a 52-acre site with a 135,000 square foot manufacturing facility in New York state for its planned gigafactory. To learn more about Electrovaya, please explore www.electrovaya.com.
SOURCE: Electrovaya, Inc.
View the original press release on ACCESS Newswire