Outcome of Postal Ballot by way of Scrutinizer Report and Voting Results
Price
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Awaiting price reaction for this filing.
Acknit Industries conducted a postal ballot via remote e-voting from November 19 to December 18, 2025, for two resolutions. The first was a Special Resolution to amend the main Object Clause of the Memorandum of Association, which passed with 99.22% votes in favour (2,044,938 for vs 16,106 against), representing 67.80% of outstanding shares. The second was an Ordinary Resolution approving material related party transactions with Safewell Industries, which also passed with 95.65% votes in favour (354,553 for vs 16,106 against), though only 12.19% of outstanding shares voted since promoter group abstained due to being an interested party.
Shareholders have approved expanding the company's permissible business activities through the MOA amendment, and have greenlit material related party dealings with Safewell Industries. These are governance housekeeping items with no immediate direct impact on stock price, though investors should note the related party transaction with Safewell Industries for transparency.