Postal Ballot Results: MOA Amendment for Expanded Business Objects Passed

Board & Shareholder Meetings View source PDF

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AI summary

Authum Investment and Infrastructure Limited conducted a postal ballot via remote e-voting from May 29 to June 27, 2026. The resolution was to amend the Memorandum of Association, expanding the company's objects to include investment company business, NBFC services, asset reconstruction, portfolio management, mutual funds, and other financial services. Passed with 99.99% majority: 73.25 crore shares in favor, 295 (0.01%) against. 294 of 41,093 shareholders voted.

Likely market impact

MOA amendment broadens the company's permitted business to include NBFC, investment, and financial services activities. Passed with 99.99% support.