Ausom Enterprise Limited has informed the Exchange regarding Notice of Postal Ballot
AUSOMENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ausom Enterprise Limited (gold, jewellery and bullion business) has issued a postal ballot notice dated February 26, 2026, seeking shareholder approval for four material related party transactions (RPTs) for FY 2026-27. The resolutions cover RPTs with Zaveri and Company Private Limited (up to ₹12,000.03 crore), Ausil Corporation Private Limited (up to ₹12,000 crore), Swadeshi Distributors LLP (up to ₹6,000 crore), and IGR AUSOM LLP (up to ₹12,000 crore). For context, the company's consolidated turnover for FY 2024-25 was ₹2,393 crore, making the statutory materiality threshold just ₹239.30 crore — meaning the proposed RPT limits are roughly 2.5x to 5x the company's annual turnover. E-voting runs from March 1, 2026 to March 30, 2026 (cut-off date February 24, 2026), with results to be declared on or before April 1, 2026. The RPTs relate to procurement/trading of gold, jewellery and precious metals, and funding of bullion and securities trading activities.
The proposed RPT limits are extremely large relative to the company's turnover and may raise governance and minority shareholder concerns. The voting outcome will be a key signal of investor confidence in management's related-party dealings.