Enclosed herewith Voting Results and Scrutinizer''s Report for the Postal Ballot conducted by the Company.
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Luharuka Media & Infra Limited (BSE: 512048) concluded its Postal Ballot on May 15, 2025, with all three special resolutions approved by shareholders with near-unanimous support (over 99.99% in favour on each). The resolutions were: (1) changing the company's name to 'DhanSafal Finserve Limited' along with related changes to the Memorandum and Articles of Association, (2) increasing the borrowing power limit under Section 180(1)(c) of the Companies Act, and (3) granting the board authority to raise funds through private placement of securities. Voting was conducted via remote e-voting through NSDL, with the scrutinizer CS Ramadevi Satish Venigalla confirming the results. Only about 43% of outstanding shares (roughly 8.39 crore out of 19.52 crore shares) were polled, but promoters (who hold about 52% of equity) voted fully in favour.
The name change to 'DhanSafal Finserve Limited' signals a strategic pivot from media and infrastructure toward financial services, which may reshape how investors perceive the business. The combined approval of higher borrowing limits and private placement authority gives the board significant flexibility to raise capital, potentially leading to dilution or debt expansion in the coming months — shareholders should watch for follow-up announcements on fundraising.