Awfis Space Solutions Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
AWFIS · price
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Awfis Space Solutions conducted a postal ballot (e-voting from June 10 to July 9, 2025) for two resolutions, both of which passed with overwhelming majority. Resolution 1 (Ordinary) reclassified Peak XV Partners Investments V and its promoter group entities from the 'Promoter and Promoter Group' category to the 'Public' category, with 50,353,267 votes polled (70.96% of outstanding shares) and 99.996% voting in favor. Resolution 2 (Special) amended the Object Clause of the Memorandum of Association, with 52,668,831 votes polled (74.22% of outstanding shares) and 99.999% voting in favor. Promoters, who were interested in Resolution 1, voted 100% in favor of both resolutions. R.S. Bhatia, Practicing Company Secretary, served as the scrutinizer.
The reclassification of Peak XV Partners from promoter to public is significant as it will increase the public shareholding float and remove them from promoter-related obligations. The MOA amendment provides the company with greater flexibility to pursue new business activities. Both outcomes are largely procedural and expected, with negligible dissent, indicating strong shareholder alignment with management's direction.