Submission of newspaper clippings of Notice of Postal Ballot
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CLN Energy Ltd has published the Postal Ballot Notice in the Financial Express (English) and Shah Times (Hindi) newspapers on May 2, 2025, in line with SEBI disclosure rules. The Postal Ballot seeks shareholder approval for one special resolution: a preferential issue and allotment of up to 3,60,000 equity shares to an entity belonging to the Promoter Category. The Notice was dispatched electronically to members on April 30, 2025, with April 25, 2025 set as the cut-off date for voting eligibility. E-voting will be conducted through NSDL from May 7, 2025 (9:00 AM) to May 30, 2025 (5:00 PM), and the results will be announced by June 2, 2025. Mr. Sumit Khanna, Practicing Company Secretary, has been appointed as the scrutinizer to oversee the process in a fair and transparent manner.
Shareholders of CLN Energy should review the proposed preferential allotment to a promoter-group entity, as approval will lead to promoter shareholding increase and equity dilution for existing public shareholders. Eligible members are encouraged to cast their votes electronically during the May 7–30, 2025 window.