Submission of Notice of Postal Ballot
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Awaiting price reaction for this filing.
Abate As Industries Ltd (formerly Trijal Industries Ltd) is seeking shareholder approval via postal ballot to increase its Authorized Share Capital from Rs. 158 crore (15.8 crore equity shares of Rs. 10 each) to Rs. 200 crore (20 crore equity shares of Rs. 10 each), a rise of Rs. 42 crore. The company says the hike is needed to meet increased fund requirements. The resolution, if passed, will also require altering Clause 5 of the Memorandum of Association. Remote e-voting runs from October 21, 2025 (9:00 AM) to November 19, 2025 (5:00 PM), with results to be declared by November 21, 2025. This is a special resolution, meaning a higher voting threshold applies.
This is a preparatory step that gives the company headroom to issue more shares in the future (for fundraising, acquisitions, or stock-based compensation), but it does not immediately dilute existing shareholders. The actual impact on share value will depend on how and when the newly authorized shares are eventually issued.