Antarctica Limited has informed the Exchange regarding Notice of Postal Ballot
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Antarctica Limited has dispatched a Postal Ballot Notice seeking shareholder approval for four items. First, the company plans to increase its Authorised Share Capital from ₹67 crore to ₹87 crore by creating 20 crore new equity shares of ₹1 each, aimed at facilitating future fund raising via a Right Issue. Second, the appointment of Mr. Aryan Arvindbhai Prajapati as Executive Managing Director for 5 years (up to January 2031) with proposed remuneration of ₹25,000. Third and fourth, the appointments of Mr. Nitinbhai Babubhai Karan and Mr. Tarunkumar Dineshbhai Sindhav as Non-Executive Independent Directors for 5-year terms. E-voting runs from May 23, 2026 to June 21, 2026 via NSDL.
The authorised capital increase signals potential future equity fundraising which could dilute existing shareholdings. The new director appointments bring fresh leadership to the company. Shareholders should carefully review these proposals before casting their votes by June 21, 2026.