Intimation regarding Dispatch of notice of Postal Ballot- Disclosure under Regulation 30 of the SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015("SEBI Listing Regulations")
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Arcee Industries (BSE: 520121) has dispatched a Postal Ballot notice seeking shareholder approval through a Special Resolution under Section 180(1)(a) of the Companies Act to sell its land admeasuring 13 kanal 1 marle along with shed and building located at 7th K.M., Barwala Road, Talwandi Rana, Hisar-125001, Haryana. The company explains in the explanatory statement that it had earlier sold plant and machinery to pay a raw material supplier, but the proceeds were insufficient to fully clear the dues, and the creditor is now threatening legal action. The company has also been unable to recover outstanding advances from customers and security deposits from a government department. The land and building sale is being pursued as a measure to square up payments to the creditor. Remote e-voting runs from January 7, 2026 (9:00 AM) to February 5, 2026 (5:00 PM), and results will be declared on or before February 7, 2026. Mr. Anil Kumar Jain has been appointed as the Scrutinizer to oversee the e-voting process.
This is a distress-driven asset sale to settle an outstanding creditor obligation and avoid potential legal action, which signals financial stress at the company. Shareholders may want to watch the outcome of the postal ballot closely, as selling the company's premises indicates limited liquidity, though the move could help de-risk the company from litigation if approved.