Voting Results and Scrutinizers'' Report for the Postal Ballot Notice dated August 13, 2025.
ELPROINTL · price
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Elpro International Ltd has disclosed the voting results of its Postal Ballot conducted via remote e-voting between August 15 and September 13, 2025. Two resolutions were put to shareholders. Resolution 1 (Special Resolution) sought approval for advancing loans or giving guarantees/security under Section 185 of the Companies Act, 2013 — it passed comfortably with 96.45% of votes in favour (12.99 crore shares for vs 47.78 lakh against), with about 79.50% of outstanding shares participating. Resolution 2 (Ordinary Resolution) sought approval for Related Party Transactions — promoters/promoter group were interested and did not vote (only 4.50% of outstanding shares voted), and it failed decisively with 62.64% votes against (47.79 lakh against vs 28.50 lakh in favour, or 37.36% in favour). The scrutinizer was Jayshree A. Lalpuria, Practicing Company Secretary.
Shareholders approved the Section 185 loan/guarantee proposal but rejected the Related Party Transaction resolution, meaning the company cannot proceed with that specific RPT in its current form and will likely need to rework or re-seek approval. The failed RPT vote is a notable governance signal and could create near-term uncertainty around previously planned related-party deals.