Camlin Fine Sciences Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
CAMLINFINE · price
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Camlin Fine Sciences Limited has announced the results of a postal ballot resolution passed on May 7, 2026. The resolution sought approval to increase the company's Authorized Share Capital and amend Clause V of its Memorandum of Association. The resolution was passed with overwhelming majority - 99.99% of votes were in favor (111,208,337 votes) while only 0.01% voted against (11,278 votes). Total voter turnout was 57.90% of outstanding shares. Promoter and Promoter Group voted 100% in favor, while Public Institutions showed 83.33% participation with all votes in favor. Public Non-Institutional shareholders had lower participation at 6.01% but still overwhelmingly supported the resolution at 99.77% in favor.
The increase in authorized share capital gives the company flexibility to issue new shares in the future for purposes like funding growth, acquisitions, or employee stock plans. This does not immediately impact shareholder value but prepares the company for potential future capital-raising activities.