Aqylon Nexus Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report.
AQYLON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Aqylon Nexus Limited has announced the results of its postal ballot conducted via e-voting from January 14, 2026, to February 12, 2026. All five resolutions were passed with near-unanimous support, with 17,200,250 votes (67.79% of total shares) polled and effectively 100% cast in favor. The approved resolutions include: (1) sub-division of equity shares from face value of Rs.10 to Re.1, (2) alteration of the Capital Clause of the Memorandum of Association, (3) acceptance of loans from promoters with an option to convert such loans into equity, (4) approval of enhanced borrowing powers, and (5) appointment of Mr. Srivatsava Sunkara as Chairperson. The promoter group holds 15,000,237 shares (about 59% of total 25,373,056 shares), and they voted entirely in favor of all resolutions.
The most significant shareholder action is the approved stock split (Rs.10 to Re.1 face value), which will increase the number of shares tenfold and likely improve liquidity and retail accessibility. The approval for promoter loans convertible into equity introduces potential future dilution risk for existing public shareholders. Enhanced borrowing powers may increase the company's debt capacity, and the formal appointment of Mr. Sunkara as Chairperson signals leadership continuity.