Ashoka Metcast Limited has submitted the Exchange a copy of Srutinizers report of Postal Ballot
ASHOKAMET · price
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Awaiting price reaction for this filing.
Ashoka Metcast Limited has submitted the voting results of a postal ballot conducted to seek members' approval for increasing the Authorised Share Capital of the company. The e-voting was held from July 8, 2025 to August 6, 2025, with the record date set as July 4, 2025 and 18,992 shareholders eligible to vote. Out of 24,996,000 total outstanding shares, 13,659,117 shares (54.65%) were polled, with 99.99% voting in favour and just 1,301 votes (0.01%) against the resolution. Promoter group voted 100% in favour with all 13,410,000 shares, while public non-institutions polled only 2.15% of their holdings, with 99.48% in favour. The scrutinizer, Mr. Chintan K. Patel (Practicing Company Secretary), confirmed the ordinary resolution was passed with the requisite majority.
This is a procedural resolution that gives the company future flexibility to issue more shares (for fundraising, acquisitions, or bonus issues) but does not by itself cause any dilution, change in shareholding, or immediate effect on current shareholders. No direct short-term impact on stock price is expected from this announcement alone.