Pursuant to Regulation 44(3) of the SEBI (LODR) Regulation 2015, we are hereby enclosing voting results in the prescribed format along with Scrutinizers report dated May 30, 2025 and wish ....
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Daikaffil Chemicals India Ltd has disclosed the results of a Postal Ballot conducted between April 30 and May 29, 2025. Three resolutions were put to vote and all were passed with overwhelming majority (99.999% in favor, just 10 votes against out of over 31.39 lakh valid votes polled). The resolutions covered: (1) adoption of a new Memorandum of Association aligned with the Companies Act, 2013 (Special Resolution), (2) adoption of a new set of Articles of Association (Special Resolution), and (3) approval to increase the Authorised Share Capital with corresponding amendment to the Capital Clause of the MoA (Ordinary Resolution). Promoters holding about 52.63% of the 60 lakh total shares voted unanimously in favor of all resolutions. The Scrutinizer was CS Nirmal Gupta of GMJ & Associates.
The MoA/AoA adoption is a routine housekeeping step to bring the company's constitutional documents in line with the Companies Act, 2013, with no direct impact on shareholders. However, the approved increase in Authorised Share Capital signals the company's intention to potentially raise fresh capital or issue more shares in the future, which could lead to dilution of existing shareholders' stakes when actually utilised.