Newspaper Publication of Postal Ballot Notice under Regulation 30 & 47 of the SEBI (LODR) Regulations, 2015, as amended, ("SEBI LODR Regulations")
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Ajcon Global Services Ltd has notified BSE about the newspaper publication of its Postal Ballot Notice, published on April 30, 2025, in Business Standard (English) and Mumbai Lakshdeep (Marathi). The Postal Ballot seeks shareholder approval via remote e-voting for two items: (1) sub-division (stock split) of equity shares and related alteration of the capital clause in the Memorandum of Association as an Ordinary Resolution, and (2) appointment of CA Sangeeta Vijay Kumar (DIN: 10704866) as an Independent Director as a Special Resolution. Remote e-voting begins on Friday, May 2, 2025 (9:00 AM IST) and ends on Saturday, May 31, 2025 (5:00 PM IST), with the cut-off date for voting rights set as Friday, April 25, 2025. Results will be declared on or before Monday, June 2, 2025, with CS Hitesh Kothari appointed as the Scrutinizer and Bigshare Services as the e-voting agency. The Postal Ballot Notice is also available on the company's website at www.ajcononline.com.
Shareholders will get to vote on a proposed stock split, which could improve share liquidity and affordability, along with the addition of a new Independent Director to the Board. Both items need shareholder approval, so outcomes will depend on the e-voting results declared by June 2, 2025.