DCM Limited postal ballot voting results along with Scrutinizer's Report are enclosed
DCM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
DCM Limited conducted a postal ballot through e-voting only, open from February 25 to March 26, 2026, seeking shareholder approval for a material related party transaction with Purearth Infrastructure Limited. Out of 24,681 total shareholders as on the cut-off date, only about 6.14% of outstanding shares (11,47,337 votes) were polled, indicating low participation. Of the valid votes cast, 97.67% (11,20,603) were in favour and 2.33% (26,734) were against the ordinary resolution. Promoters and promoter group held 93,17,252 shares but could not vote on the resolution as they are related parties; their 18,72,627 votes were declared invalid in line with SEBI Listing Regulations. The resolution was declared passed with the requisite majority by the scrutinizer, Pragnya Pradhan & Associates.
Shareholders have cleared the way for DCM Limited to enter a material related party transaction with Purearth Infrastructure Limited, though the low voting turnout and promoter exclusion mean the approval reflects a small fraction of non-promoter shareholders. Investors should look for further disclosures on the terms, size, and rationale of this related party deal to assess governance and any potential impact on the stock.