Regulation 30 LODR - Postal Ballot
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
AJC Jewel Manufacturers has sent out a postal ballot notice to shareholders seeking approval through e-voting (no physical ballot forms) for five key resolutions. The resolutions include raising the limit for loans, guarantees, securities, and investments under Section 186 to Rs. 50 Crores, and approving a Material Related Party Transaction of up to Rs. 50 Crores with its newly-formed subsidiary Esthara Jewels Private Limited (88% owned, incorporated Dec 2025, in retail silver jewellery). The company is also seeking approval to advance loans or give guarantees up to Rs. 50 Crores to subsidiaries/group entities under Section 185 for FY27, and to raise its overall borrowing limit under Section 180(1)(c) to Rs. 150 Crores, along with permission to create charges or mortgages on company assets to secure these borrowings. E-voting runs from March 24, 2026 (9:00 AM) to April 22, 2026 (5:00 PM), with results expected by April 24, 2026. Cut-off date for eligibility is March 20, 2026. Related parties will not vote on the Esthara Jewels resolution.
Shareholders need to vote electronically by April 22, 2026 if they want a say in these matters. If approved, the company will have significantly expanded financial flexibility - up to Rs. 150 Crores in borrowing power and Rs. 50 Crores for inter-corporate transactions - which signals potential business expansion, particularly into retail silver jewellery via its new subsidiary. Approval of the related party transaction is a procedural requirement given the new subsidiary's expected dealings with the parent company.