DPSC Limited has informed the Exchange regarding Proceedings of Postal Ballot
DPSCLTD · price
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Awaiting price reaction for this filing.
India Power Corporation Limited (formerly DPSC Limited) has filed the summary of proceedings of its Postal Ballot Notice dated 20th May 2025. The e-voting period ran from 28th May 2025 (9:00 AM) to 26th June 2025 (5:00 PM). Two special resolutions were put to shareholders: (1) appointment of Ms. Pragya Jhunjhunwala (DIN: 02315132) as an Independent Director for a 5-year term starting 1st April 2025, and (2) approval for transfer of the company's Non-Regulated Business through a slump sale under Section 180(1)(a) of the Companies Act, 2013. Mr. Mohan Ram Goenka of MR & Associates was appointed as the Scrutinizer. The actual voting results are yet to be declared (expected by 28th June 2025) and will then be submitted to the stock exchanges.
The slump sale of the Non-Regulated Business is a significant restructuring move that could reshape the company's future earnings profile, while the new Independent Director appointment strengthens board governance. Investors should watch for the voting results, especially on the slump sale resolution, as it will directly affect the company's business structure and valuation.