Postal Ballot - Scrutinizers Report with Voting Results
CAMLINFINE · price
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Camlin Fine Sciences Ltd has successfully passed an Ordinary Resolution through postal ballot to increase its Authorized Share Capital and amend Clause V of its Memorandum of Association. The voting took place from April 8, 2026 to May 7, 2026 via remote e-voting. Out of 192.09 million total shares, 111.22 million votes were cast (57.90% turnout). The resolution received overwhelming approval with 99.99% votes in favour (111.21 million votes) and only 11,278 votes against. Promoters voted unanimously in favour (100%), while Public Institutional investors showed 83.33% participation with 100% approval.
Shareholders approved giving the company flexibility to issue additional shares in the future. While this is a positive step for potential growth or acquisitions, it may dilute existing shareholding if new shares are issued.