Pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the resolutions as proposed in the Postal Ballot Notice ....
AEPL · price
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Artemis Electricals and Projects Ltd announced results of its postal ballot concluded on April 8, 2025, with all 8 resolutions passed with overwhelming majority. Total voting participation was 86.22% (216.4 million out of 251 million shares). Key resolutions approved include: appointment of M/s Agarwal Tibrewal & Co. as new statutory auditors to fill a casual vacancy, approval of related party transactions, sale of property/undertaking, increase in borrowing limits to Rs. 500 crores, creation of charges on company assets, approval for giving loans/guarantees to subsidiaries, and reappointment of Ms. Priyanka Yadav as Independent Director for a second 5-year term. Promoters (holding 72.4% stake) voted 100% in favour on every resolution, while public non-institutional shareholders also showed near-unanimous support (over 99.99% in favour on most items).
Shareholders should note the significant corporate actions enabled by this postal ballot: the borrowing limit hike to Rs. 500 crores and creation of charges suggest the company may be preparing for major debt-funded expansion or refinancing, while the property sale approval gives the board flexibility to divest assets. The near-unanimous approval and strong promoter backing indicate low governance friction, though the related party transaction approval means investors should watch for such deals going forward.