Results of Postal Ballot concluded on February 06,2026 as per Regulation 44(3) of SEBI (Listing Obligation and Disclosure Requirement ) Regulations,2015
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DSM Fresh Foods Ltd (ZAPPFRESH) conducted a postal ballot between January 8 and February 6, 2026, on two special resolutions. The first resolution relates to varying the objects and terms of utilization of the IPO proceeds raised by the company. The second resolution is for altering the object clause of the company. Both resolutions were passed with overwhelming majority — 95.36% of votes (82,45,222 shares from 10 members) were in favor, while only 4.64% (4,01,600 shares from 5 members) voted against. A small group of dissenting shareholders including Prashant Heda HUF, Ruchir Bindal, Swapna Biswas, A P T Research Private Limited, and Ankit Singh voted against the changes. The scrutinizer, Rawal & Co., confirmed the voting process was fair and transparent.
Retail investors should note that the company is changing how it plans to use the money raised from its IPO, which is a notable deviation from the original promise made at the time of listing. While the resolution passed easily due to likely support from promoter/promoter-group shareholders, small public shareholders may want to track what the revised use of funds will be and whether it aligns with the company's growth story.