In Continuation with our letter dated 06.04.2026, we hereby enclose the Postal Ballot notice dated April 16, 2026 seeking approval from members for the transactions mentioned in the enclosed ....
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Cybele Industries Limited is seeking shareholder approval via postal ballot for material related party transactions with its two subsidiaries — Cybele Electra Private Limited (up to ₹30 crore) and Cybele Electronics Private Limited (up to ₹17 crore) — as well as inter-subsidiary transactions between them (up to ₹10 crore). The approvals are required under SEBI Listing Regulations as these transactions exceed the prescribed thresholds and involve related parties. The company has also proposed a special resolution to authorise the creation of mortgage/charge on its assets under Section 180(1)(a) of the Companies Act, 2013, up to a limit of ₹50 crore, to secure future borrowings from banks and financial institutions. Voting period runs from 16 April 2026 to 15 May 2026 via NSDL e-voting. All related parties are required to abstain from voting on the RPT resolutions.
Shareholders should note that the company is seeking to transact a combined ₹57 crore with subsidiaries and expand its borrowing capacity by ₹50 crore. The RPT approvals are routine compliance requirements, but the large transaction limits with subsidiaries warrant monitoring for arm's length compliance.