Submission of Postal Ballot Notice along with explantory Statement of camex limited duly approved by the Board of Directors in theif Meeting held on Wednesday, November 12, 2025
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Camex Limited has filed a Postal Ballot Notice approved by its Board on November 12, 2025, seeking shareholder consent through remote e-voting from November 28 to December 27, 2025. The first resolution proposes increasing the Authorised Share Capital from Rs. 11 crore (1.10 crore equity shares of Rs. 10 each) to Rs. 25 crore (2.50 crore equity shares of Rs. 10 each), along with a corresponding amendment to Clause V of the Memorandum of Association. The second resolution seeks approval for a material related party transaction with Camex Speciality Private Limited (a related entity sharing common directors Mr. Chandraprakash Chopra and Mr. Rahul Chopra) for availing corporate guarantee and security of up to Rs. 50 crore against the company's borrowings, representing about 37.41% of the company's annual consolidated turnover. The voting will be conducted via CDSL's e-voting platform, with the cut-off date set as November 21, 2025 and results expected by December 30, 2025.
Shareholders need to evaluate two key proposals: a 127% increase in authorised share capital (from Rs. 11 cr to Rs. 25 cr) signals potential future equity dilution/raising, while the Rs. 50 crore related party guarantee with Camex Speciality Private Limited raises governance concerns due to common directors and family involvement, though the company states it is for working capital needs at arm's length terms. Outcome of the postal ballot could affect future capital structure and is contingent on members' voting.