Antarctica Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
ANTGRAPHIC · price
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Antarctica Limited (NSE: ANTGRAPHIC) has submitted the results of a postal ballot held on July 9, 2025, where shareholders voted to withdraw a prior resolution from November 7, 2024, that had approved an increase in the company's authorized share capital. Out of 218,159 votes polled (just 0.14% of the 15.5 crore outstanding shares), 91.49% (199,583 votes) were in favour and 8.51% (18,576 votes) were against. Only 196 of the 98,442 shareholders on record cast votes — promoters, promoter groups, and institutional public shareholders did not participate. The Board had recommended the withdrawal, stating the earlier capital hike was no longer needed. As a result, the authorized share capital will revert to its original ₹67 crore, divided into 67 crore equity shares of Re. 1 each, with no change to the Capital Clause of the Memorandum of Association.
This is an administrative rollback of a previously approved but unused capital expansion plan. There is no dilution or change to existing shareholders' holdings, and no direct impact on the stock price is expected. The extremely low voting turnout (0.14%) is worth noting but the result is decisive.