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Awaiting price reaction for this filing.
Deepak Spinners Limited has announced the results of its postal ballot conducted via remote e-voting, which concluded on 30th January 2026. Two special resolutions were put to vote: (1) Alteration in the Memorandum of Association and (2) Alteration of Articles of Association. Both resolutions were passed with overwhelming majority — approximately 99.03% of votes polled were in favour and only about 0.97% voted against. Out of 9,751 shareholders on record, only 32 voted (10 from promoter group and 22 from public). Promoter group polled 92.28% of their holding while public non-institutional shareholders polled just 0.31%, resulting in an overall voting turnout of 42.6% of outstanding shares. Neither resolution had any conflict of interest for the promoter group.
These are routine governance amendments to the company's constitutional documents and have no direct material impact on shareholders' financial interests or stock price. The strong promoter support signals alignment, though low public participation is typical for small-cap postal ballots.