Disclosure Pursuant to Regulation 30 of SEBI (Listing Obligation & Disclosure Requirement), Regulations, 2015 - Proceeding of Postal Ballot
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Awaiting price reaction for this filing.
CLN Energy Ltd has concluded the voting process for a Postal Ballot Notice dated April 24, 2025 (read with a corrigendum dated May 29, 2025). The e-voting window ran from May 1, 2025 to May 30, 2025. Two items were put to shareholders: (a) a preferential issue and allotment of up to 3,60,000 equity shares to an entity belonging to the promoter category, and (b) approval of a clarification on the object of the issue via the corrigendum notice. Mr. Sumit Khanna, a Practicing Company Secretary, was appointed as the Scrutinizer to oversee the process. The voting results are required to be declared on or before June 3, 2025, and will be submitted to the stock exchanges within the prescribed timelines. This filing is a procedural disclosure under SEBI's Listing Regulations; the actual voting outcome is not included here.
If approved, the preferential allotment of up to 3.6 lakh equity shares to promoter-group entities will lead to a modest equity dilution for existing public shareholders and increase the promoter stake. The outcome of the vote remains pending declaration, so the near-term effect on the stock price will depend on the results expected by June 3, 2025.