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Accedere Ltd held its 1st EGM on February 26, 2026, via video conferencing, lasting just 6 minutes (12:30 p.m. to 12:36 p.m. IST). The single ordinary resolution on the agenda was to approve the issue of Bonus Shares to existing non-promoter shareholders. The resolution passed unanimously, with 35,65,164 votes (100%) cast in favour and zero votes against, from 5 voting members. Out of 44,87,700 total outstanding shares, 35,65,164 shares (79.44%) participated in the e-voting, with promoter group contributing 35,63,558 votes (97.48% turnout) and public non-institutions contributing just 1,606 votes (0.19%). The scrutinizer, V. Ramachandran of V.R. Associates, confirmed the resolution stands passed with requisite majority.
The approved bonus issue to non-promoter shareholders is a positive development for public investors, rewarding them with additional shares. With 100% shareholder approval and no dissent, the company can now proceed with the bonus share issuance, which typically enhances liquidity and makes shares more affordable for retail investors.