Allcargo Terminals Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report.
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Allcargo Terminals Limited has received shareholder approval for all three resolutions through a postal ballot conducted via electronic voting from July 16 to August 14, 2025. The first special resolution to alter the Articles of Association passed with 99.99% approval (18.73 crore shares in favour vs 20,532 against). The second ordinary resolution to increase authorised share capital and amend the MOA's capital clause also passed with 99.99% support. The third special resolution, approving the issuance of fully convertible warrants on a preferential basis to the Promoter/Promoter Group, passed with 99.98% in favour. Promoters (holding 16.59 crore shares) voted 100% in favour of all three resolutions, and overall voting participation stood at about 74% of outstanding shares (25.21 crore). The scrutinizer (AVS & Associates) validated the process as fair and transparent.
Shareholders have cleared the way for the company to issue convertible warrants to promoters, which could lead to equity dilution and a capital infusion in the future. The increase in authorised share capital accommodates this potential preferential allotment. Retail investors should watch for further announcements on warrant pricing, conversion terms, and the timeline of the promoter funding.