Outcome of Postal Ballot and Disclosure of Voting results conducted through remote e-voting along with the Scrutinizer''s Report
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
EarKart Limited has disclosed the outcome of a postal ballot conducted through remote e-voting, where shareholders approved a special resolution to change the utilization objects of unutilized IPO proceeds. The voting took place from 2 April 2026 to 1 May 2026. Of the 13,753,932 total eligible shares, 10,889,382 votes were cast (79.17% participation). All votes were in favour — 7,887,044 from promoters (100%), 2,327,000 from public institutions (77.08%), and 675,338 from public non-institutions (23.71%). Zero votes were recorded against the resolution. The scrutinizer, Ms. Nikita Kothari of N Kothari & Associates, confirmed the resolution passed with requisite majority on 1 May 2026.
The company can now redirect its unutilized IPO funds to new objectives, which may indicate a strategic shift in capital deployment. With 100% approval and no dissenting votes, the change appears well-supported by all shareholder groups.