Submission of Voting Results and Scrutinizer''s Report with respect to Extra-Ordinary General Meeting of the Company held on 20th May, 2026
BALRAMCHIN · price
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Balrampur Chini Mills Limited held an Extra-Ordinary General Meeting on 20th May, 2026 via video conferencing. Shareholders voted on a Special Resolution to approve the issue and allotment of equity shares on a preferential basis. Out of 20.19 crore total shares, 15.72 crore shares (77.82%) were polled. The resolution was passed with overwhelming majority - 15.71 crore votes (99.97%) in favour and only 39,451 votes (0.03%) against. Promoter and Promoter Group voted 100% in favour, while Public Institutional shareholders approved with 99.94% and Public Non-Institutional shareholders with 99.87%.
The passing of this preferential allotment resolution means the company will issue new equity shares, resulting in dilution of existing shareholders' stake. The strong institutional support signals confidence in the company's plans. The actual impact on stock price will depend on the allotment price and intended use of funds, which were likely detailed in the EGM notice.