Capacite Infraprojects Limited has informed the Exchange regarding Notice of Postal Ballot
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Capacit'e Infraprojects has sent a postal ballot notice seeking shareholder approval for a material related party transaction of up to ₹456 crores (excluding GST) between its subsidiary CIL MMEPL Ekatha Private Limited and Mohan Mutha Export Private Limited (MMEPL). The subsidiary is a 51:49 joint venture created to execute a ₹575 crore order from Rail Vikas Nigam Limited for the Ekatha harbour project in Maldives, and needs to continue procuring goods and services from MMEPL for project execution. Of the ₹456 crores, ₹166.40 crores has already been transacted till December 31, 2025, and the balance covers the period up to March 31, 2027. The proposed value equals about 20.83% of the company's consolidated turnover of ₹2,349.51 crore, crossing the 10% threshold that triggers mandatory shareholder approval under SEBI's related party rules. Remote e-voting runs from February 13, 2026 to March 14, 2026, with results to be declared on or before March 17, 2026.
The resolution is an ordinary resolution requiring a simple majority, and shares held by related parties including interested directors will not be counted. Approval is essential for smooth continuation of the Maldives harbour project at the subsidiary level, and rejection could disrupt project execution and future material contracts with MMEPL.