Ashoka Metcast Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot and voting results
ASHOKAMET · price
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Ashoka Metcast Limited has submitted the voting results and Scrutinizer's report for a Postal Ballot concluded on 6th August 2025. The single resolution was to increase the Authorised Share Capital of the Company, and it was passed as an Ordinary Resolution with 99.99% of votes in favour. Out of 24,996,000 total shares, 13,659,117 shares (54.65%) were polled, with promoters voting all their 13,410,000 shares in support. The e-voting was conducted by CDSL, and the Scrutinizer was Mr. Chintan K. Patel, Practising Company Secretary.
The increase in authorised share capital is a routine corporate action that gives the company flexibility to issue more shares in the future (e.g., for fundraising, expansion, or stock split). No immediate dilution or capital raising is announced yet, so the direct impact on shareholders is minimal at this stage.