Postal Ballot Results - All 11 Resolutions Approved
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All 11 resolutions in Adcounty Media India's Postal Ballot were passed with over 99.95% approval each. Key items included increasing the borrowing limit under Section 180(1)(c), allowing creation of charges on company assets, raising investment limits under Section 186, approving related party transactions with 3 Singapore-based entities, and revising managerial remuneration for 4 directors. Voting was via remote e-voting with about 34% of shares participating.
Shareholders approved expanded borrowing powers and related party deals, giving management more flexibility for future funding, investments, and transactions.