Submission of Scrutinizer Report for the Postal Ballot held on 19-11-2025.
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Abate AS Industries Ltd (formerly Trijal Industries Ltd) conducted a Postal Ballot on 19 November 2025 via e-voting through CDSL. The single special resolution sought shareholders' approval to increase the Authorised Share Capital of the company and amend the Capital Clause in the Memorandum of Association. A total of 12,70,63,007 shares (80.62% of total shares) were voted, with 99.99% voting in favour and just 10 shares against. Both promoter group and public non-institutional shareholders voted nearly unanimously (100%) in favour. The resolution was passed as a special resolution with the required three-fourths majority.
The approved increase in authorised share capital gives the company flexibility to issue more shares in the future, which could be used for fundraising, expansion, or acquisitions. While no immediate dilution occurs, shareholders should be alert to potential follow-up actions such as a rights issue, preferential allotment, or further capital raise that could dilute their holdings.