Newspaper Advertisment-Postal Ballot Notice
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Awaiting price reaction for this filing.
Autoriders International Limited has published newspaper advertisements in Free Press Journal (English) and Navshakti (Marathi) on October 9, 2025, confirming the dispatch of a Postal Ballot Notice to shareholders. The Postal Ballot, originally dated September 29, 2025, seeks shareholder approval for the Issue of Bonus Shares through an Ordinary Resolution. Shareholders will be able to vote electronically via NSDL's remote e-voting platform between October 9, 2025 (9:00 AM) and November 7, 2025 (5:00 PM), with the cut-off date for eligibility set as October 3, 2025. Mr. Kaushal Dalal has been appointed as the Scrutinizer for the process, and results are expected to be announced on or before November 11, 2025.
Bonus share issuance is generally viewed positively by retail investors as it increases share liquidity and signals management confidence in the company's prospects. Shareholders should vote during the e-voting window if they wish to participate in the decision, though the outcome is not expected to materially impact stock price in the short term.