Postal Ballot Result: IPO Proceeds Variation Approved by Shareholders

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.6%Reaction day

₹81.34

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%-2.4% vs market

Other Food Products peers, median of 25sector-0.0%-1.6% vs sector

On the reaction day the stock moved 2.4 pts less than Nifty Microcap 250 and 1.6 pts less than its Other Food Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.6+0.8-2.4-0.0-1.6

Next day

+4.5+1.0+3.5-0.0+4.5

+9.4+1.7+7.7+1.4+8.0

+9.4+0.1+9.3+0.4+9.0

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+10.6-0.9+11.5+1.4+9.3

+7.6-4.5+12.1-2.0+9.6

15d

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UpDownMarket · Nifty Microcap 250Sector · Other Food Products peers, median of 25Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Elfin Agro India Limited held a postal ballot where shareholders approved a special resolution to vary the use of its IPO proceeds. Of the 14.97 lakh shares that voted (about 77 percent of total), all were in favour with zero against. Promoters cast 14.1 lakh votes and public shareholders cast 8.7 lakh votes. The resolution passed with 100 percent approval from 28 members.

Likely market impact

Company can now redirect IPO funds to a different purpose than originally stated. Shareholders should review the revised use of funds.