E voting Results of the Postal Ballot and Scrutinizer''s Report
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Ajcon Global Services Ltd announced the results of its postal ballot conducted via e-voting from May 2 to May 31, 2025, scrutinised by Kothari H. & Associates. All three resolutions were passed with overwhelming shareholder support — 36 out of 37 voting shareholders voted in favour, accounting for 4,125,263 votes (99.999%), with just 1 vote against. The resolutions approved include: (1) sub-division (stock split) of equity shares from face value of ₹10 into 10 shares of ₹1 each, (2) alteration of the Capital Clause (Clause V) of the Memorandum of Association to reflect this change, and (3) appointment of Mrs. Sangeeta Vijay Kumar (DIN: 10704866) as an Independent Director via special resolution.
Shareholders should expect a 10:1 stock split to be implemented shortly, which will increase the number of shares outstanding tenfold while reducing the per-share price proportionally — this typically improves liquidity and makes the stock more accessible to retail investors. A new Independent Director has also joined the board.