Postal Ballot: Material Related Party Transactions Approved
BRIGHOTEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Members approved material related party transactions with Brigade Enterprises Ltd, the holding company and promoter, through a postal ballot (remote e-voting from May 23 to June 21, 2026). Of 7.22 crore valid votes, 89.87 percent were in favor and 10.13 percent against. The promoter's 28.14 crore shares, which represent 79.59 percent of voting power, were not counted as Brigade Enterprises is an interested party. Total voter turnout was about 19 percent of outstanding shares. 39,559 shareholders were on record.
Shareholders cleared related party deals with parent company; promoter shares excluded from vote. Modest 19 percent turnout with 10 percent dissent.