Submission of outcome of Postal Ballot 2/2025-2026.
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Choksi Asia Ltd has disclosed the outcome of Postal Ballot 2/2025-2026, conducted through remote e-voting, based on the Scrutinizer's Report dated February 13, 2026. Shareholders approved two special resolutions: (1) allowing the company to give loans, guarantees, or make investments beyond the limits prescribed under Section 186 of the Companies Act, 2013, and (2) shifting the company's registered office from Maharashtra to the Union Territory of Dadra and Nagar Haveli, along with a consequential amendment to Clause II of the Memorandum of Association. The office shift will only become effective after receiving approvals from the Registrar of Companies and other relevant authorities. The company continues to operate from Mumbai, as the Company Secretary signed the filing from there.
Resolution 1 gives the management wider financial flexibility to lend to, guarantee for, or invest in other entities. Resolution 2 is an administrative relocation that could be motivated by tax or regulatory considerations, but it carries no immediate operational impact and remains subject to regulatory clearance.