Outcome of Postal Ballot
CAMLINFINE · price
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Camlin Fine Sciences shareholders have approved the increase in the company's Authorized Share Capital and a corresponding amendment to Clause V of its Memorandum of Association via a postal ballot. The resolution was passed on May 7, 2026, with overwhelming support — 111,208,337 votes in favour (99.9899%) versus only 11,278 votes against (0.0101%) out of 57.9% of total shares voted. Promoter and promoter group votes were unanimous at 100% turnout, while public institutional shareholders also voted unanimously at 83.3% participation. Public non-institutional shareholders had low participation of just 6%, with 99.77% of those votes in favour. A scrutinizer from JHR & Associates verified the results.
The approval clears the way for the company to increase its authorized share capital, which may support future plans such as raising additional equity capital, issuing bonus shares, or accommodating strategic transactions. No immediate dilution is implied.