Scrutinizer Report along with the Voting Results
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Acknit Industries Limited concluded a postal ballot (remote e-voting) from November 19 to December 18, 2025, with two resolutions passed. Resolution 1 (Special): Amendment to the main Object Clause of the Memorandum of Association was approved with 99.22% votes in favour (2,044,938 for, 16,106 against); promoters voted 100% in favour while public non-institutional holders supported it 97.25%. Resolution 2 (Ordinary): Approval for material related party transactions between Acknit Industries and Safewell Industries was approved with 95.65% votes in favour (354,553 for, 16,106 against); promoters abstained from voting as they are an interested party, leaving public non-institutional holders as the deciding voters. Out of 2,472 shareholders on record date (November 14, 2025), voting participation was 67.8% on Resolution 1 and 12.2% on Resolution 2.
Both resolutions cleared with strong shareholder support, giving the company flexibility to expand its stated business objects and enabling material transactions with related party Safewell Industries. No meaningful dissent signals were detected, though the low turnout on the RPT resolution means promoters effectively relied on public shareholder support to approve their related-party dealings.