Announced Tue, 23 Jun · 18:30 IST
Postal ballot: 4 resolutions passed, share capital hike and 3 director appointments
Board & Shareholder Meetings View source PDF
ANTGRAPHIC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+5.1%1-day move
₹0.78
prior close
₹0.80
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.3+1.3+1.3+1.3+5.1+6.4+3.8+2.6+2.6+0.0-2.6-3.8——
Up moveDown movePending
AI summary
Antarctica postal ballot (concluded 21 June, results 23 June): all 4 resolutions passed. Authorised share capital to rise from Rs 67 crore to Rs 87 crore to fund a future Rights Issue (99.60% in favour). Aryan Prajapati appointed Executive Managing Director for 5 years; Nitin Karan and Tarunkumar Sindhav appointed Non-Executive Independent Directors for 5 years each. Director resolutions passed with 92-93% approval. Only 1.41% of outstanding shares were voted.
Likely market impact
Clears path for a future Rights Issue and adds three new directors. Promoters abstained; only 1.41% of outstanding shares voted.