Edelweiss Financial Services Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
EDELWEISS · price
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Edelweiss Financial Services Limited shareholders have approved the disposal of equity shares and ceding control over Nido Home Finance Limited, which is classified as a Material Subsidiary. The Special Resolution was passed through postal ballot (electronic voting) conducted between March 6 and April 4, 2026. Out of 54.89 crore votes polled, 99.41% (54.57 crore shares) voted in favour while only 0.59% (32.14 lakh shares) voted against. Promoter and Public Institutional shareholders overwhelmingly supported the resolution.
The divestment of Nido Home Finance marks a strategic exit from a material subsidiary for Edelweiss. This will reduce the group's consolidated revenue base but may improve focus on core financial services and potentially reduce debt. Shareholders may see near-term uncertainty as the transaction details and buyer information will need to be disclosed.