Intimation of postal ballot notice of the company.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bansisons Tea Industries has issued a postal ballot notice seeking shareholder approval for three special resolutions. First, it wants to widen its main object clause to cover pharmaceuticals, APIs, specialty chemicals, biotech, contract manufacturing, research and related activities. Second, it proposes changing the company name from 'Bansisons Tea Industries Limited' to 'Novyra Pharmachem Limited' to reflect the new direction. Third, it seeks approval to sell or dispose of its West Bengal-based tea undertaking, including related assets and liabilities, on a going-concern basis at market value. Voting is by remote e-voting via NSDL from November 29 to December 29, 2025, with results to be announced by December 31, 2025.
The three resolutions together point to a full strategic pivot away from tea and into pharma and chemicals, including a name change and likely sale of the existing tea business. Shareholders should expect a major shift in the company's identity, operations and risk profile if approvals go through.