e-Voting results of the postal ballot for change of name of the company
Awaiting price reaction for this filing.
Seshachal Technologies Ltd conducted a postal ballot (remote e-voting) to seek shareholder approval for changing the company's name and consequently altering the Memorandum and Articles of Association. The scrutinizer's report dated June 14, 2025 confirms the special resolution was passed with overwhelming majority. In the public non-institutional category, 45,536 votes were polled with 45,336 (99.56%) voting in favour and only 200 (0.44%) against. The promoter group and public institutions did not participate in the voting. The resolution was part of a notice issued on May 9, 2025.
The name change is an administrative/corporate rebranding decision and is unlikely to materially affect the stock price or shareholder value. Shareholders should watch for the new name announcement and any associated implications for the company's brand and market identity.