Postal Ballot Notice dated July 25, 2025, along with an explanatory statement, is attached.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
B-Right Realestate Limited has issued a Postal Ballot Notice seeking shareholder approval through voting for two special resolutions. The first resolution seeks approval to raise up to Rs. 100 Crores through issuance of equity shares, warrants, convertible instruments, or preference shares, or alternatively by way of borrowing funds (debt) from banks and financial institutions. The second resolution seeks approval to migrate the company's listing from the BSE SME Platform to the Main Board of BSE, NSE, or any other recognized stock exchange. The company states it has been listed on the BSE SME platform for over three years. Voting begins on July 27, 2025 and ends on August 25, 2025, with the cut-off date for eligibility being July 18, 2025.
If approved, the Rs. 100 Crore fund raise could result in equity dilution depending on the final instrument chosen (shares, warrants, or debt). Migration to the Main Board from the SME platform is typically seen positively as it may improve liquidity, broaden investor participation, and enhance the stock's market visibility.