Apollo Tyres Limited has informed the Exchange about Cut-off date for Postal Ballot.
APOLLOTYRE · price
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Apollo Tyres Limited has informed the stock exchange about the cut-off date set for a Postal Ballot process. The cut-off date is the record date that determines which shareholders are eligible to vote on the proposed resolutions through the postal ballot mechanism. Shareholders holding shares of the company as on this cut-off date will receive the postal ballot notice and will be entitled to cast their votes. The company has not yet disclosed the specific resolutions being put to vote in this announcement.
This is a routine procedural disclosure required under SEBI and Companies Act regulations. Shareholders should watch for the actual postal ballot notice to know what resolutions are being voted upon. No immediate impact on share price is expected from this announcement alone.