Announced Sat, 4 Jul · 14:05 IST
Postal ballot: 8 resolutions passed including name change and broking exit
Board & Shareholder Meetings View source PDF
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
-3.2%1-day move
₹1.90
prior close
₹1.94
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—-0.5——-3.2-3.2-4.2-6.3-5.3-10.5-9.5———
Up moveDown movePending
AI summary
All 8 special resolutions passed via postal ballot with near-unanimous support (99.99 to 100 percent). Key items: surrender of trading and clearing memberships (exit from broking), change of company name, and multiple MOA and AOA amendments covering main object, incidental object, liability and other clauses. About 66.07 percent of total shares were polled, with promoters backing all resolutions 100 percent.
Likely market impact
Company is exiting the broking business and changing its name, signaling a major strategic shift. Watch for the new business direction and what the rename means.