A B Cotspin India Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
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A B Cotspin India Limited has announced the results of its postal ballot (e-voting held from May 08 to June 06, 2025), in which both special resolutions were passed unanimously. Resolution 1 approves migration of the company's equity shares from the NSE EMERGE platform to the Main Board of the National Stock Exchange (NSE). Resolution 2 approves making an application for listing and trading of the company's shares on the Main Board of BSE Limited. Out of 1,02,92,200 total outstanding shares, 79,88,700 shares (77.61%) were polled, and 100% of the votes cast were in favour of both resolutions, with zero votes against. Promoters (holding 74,72,700 shares) voted entirely in favour, while 5,16,000 public non-institution shares (18.30% of public holding) also voted in favour. The scrutinizer, Deepak Gupta of DR Associates, confirmed the results.
For shareholders, this is a positive development as a migration to the Main Board of NSE and a BSE listing typically brings higher visibility, better liquidity, and access to a wider pool of institutional investors. With 100% approval and no dissent, the transition is likely to proceed smoothly, though the actual timeline for migration/listing will depend on exchange approvals.