Postal Ballot Result: MOA Object Clause Alteration Approved
EKI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and 0.7 pts more than its Consulting Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Postal ballot result: Special resolution to alter main object and ancillary object clause of Memorandum of Association passed with 99.89 percent votes in favor. Of 18,321,127 votes polled (66.17 percent of total), 18,301,808 voted in favor and 19,319 against. Promoters voted 100 percent in favor. 55,759 shareholders on record date.
No direct financial impact. Lets company expand or refocus permitted business activities under the MOA.