Outcome of Postal Ballot - Voting Result of the Company and Scrutinizer Report.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Dev Labtech Venture Ltd conducted a postal ballot through remote e-voting from March 31 to April 29, 2026, with voting results declared on April 30, 2026. A total of 834 shareholders were on record, and 88,63,222 votes (74.71% of outstanding shares) were polled across all 4 resolutions. All resolutions were passed unanimously with 100% votes in favor. The resolutions approved were: (1) Increase in Authorised Share Capital and amendment to MOA capital clause (Ordinary), (2) Alteration of Object Clause of MOA (Special), (3) Sub-Division/Split of Equity Shares (Ordinary), and (4) Issue of Bonus Shares (Ordinary). Promoter group holding 67,25,409 shares voted 98.77%, while public shareholders holding 51,37,730 shares voted 43.22%.
The unanimous approval of a stock split and bonus issue is generally positive for shareholders as it increases liquidity and rewards existing shareholders with additional shares. The increase in authorised capital provides room for future capital expansion. The alteration of object clause may indicate the company is exploring new business areas.