Announced Tue, 21 Jul · 15:57 IST
Postal ballot result: QIP fundraise approved with 99.99 percent majority
Board & Shareholder Meetings View source PDF
DIACABS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.8%1-day move
₹269.07
prior close
₹272.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.4+0.6-0.2-1.0+1.8+9.5+13.7———————
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AI summary
Members approved a Special Resolution to raise funds by issuing Equity Shares through Qualified Institutions Placement (QIP) via Postal Ballot. Of 526.97 million shares outstanding, 404.6 million voted (76.78 percent turnout), with 99.9995 percent in favour and only 1,927 against. Promoters voted 100 percent in favour. Remote e-voting closed July 19, 2026.
Likely market impact
QIP approval clears way for fresh equity raise and potential dilution. Promoters fully back it; near-unanimous vote signals strong shareholder confidence.