Please find the enclosed Postal Ballot notice dated January 28, 2026.
ELCIDIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Elcid Investments is seeking shareholder approval through a postal ballot to alter the Main Objects Clause of its Memorandum of Association. The change is needed to comply with the conditions of the Type-I NBFC-ND (Non-Deposit taking Non-Banking Financial Company) certificate the company received from the RBI in September 2025. The existing clause covers financing of industrial enterprises, while the proposed clause focuses on investment activities such as buying, selling, and holding stocks, shares, securities, derivatives, debentures, and bonds. The cut-off date for voting eligibility is January 27, 2026, with e-voting running from February 3, 2026 (9:00 AM) to March 4, 2026 (5:00 PM), and results expected by March 6, 2026. The company has clarified it is purely an investment company with no lending, borrowing, or customer-facing operations.
This is a procedural, regulatory-driven change with no impact on the company's actual business or operations. The amendment simply aligns the MOA wording with the RBI's NBFC-ND registration requirements, so shareholders are unlikely to see any material effect on the stock price.