Outcome of Postal Ballot Notice dated August 13, 2025.
ELPROINTL · price
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Elpro International announced the results of its postal ballot (notice dated August 13, 2025) covering two resolutions. The Special Resolution to approve advancing loans, guarantees, or security under Section 185 of the Companies Act, 2013 was passed with 96.45% of votes in favour (12.99 crore shares) and 3.55% against (47.79 lakh shares). The Ordinary Resolution to approve Related Party Transactions was REJECTED, with only 37.36% voting in favour (28.50 lakh shares) and 62.64% voting against (47.79 lakh shares). Promoters and promoter group, being interested in both resolutions, did not vote. The e-voting was conducted from August 15 to September 13, 2025, and results were declared on September 16, 2025.
The rejection of the Related Party Transaction resolution is a significant governance signal — public shareholders have pushed back on the proposed RPTs, meaning the company cannot proceed with these transactions without seeking fresh shareholder approval. The passing of the Section 185 resolution gives the board flexibility to extend loans or guarantees to other entities, though the loss of the RPT approval may limit related-party dealings going forward.