Emami Realty Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
EMAMIREAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Emami Realty Limited conducted a postal ballot via remote e-voting, with results declared on 27th March 2026. Two resolutions were passed: (1) A Special Resolution approving modification of terms of 8,53,65,854 unsecured unlisted NCDs (face value Rs. 82 each) by raising the coupon rate from 7.50% to 10% per annum, and (2) An Ordinary Resolution approving a material related party transaction with Orbit Abasan Private Limited for acquisition of a project undertaking up to Rs. 50 crore. Both resolutions passed with 99.82% votes in favour (4,26,351 votes) and only 0.18% against (756 votes). Promoters held 3,00,04,150 shares but did not vote, and overall voting turnout was very low at just 0.97% of outstanding shares.
The higher coupon rate (10% vs 7.50%) on the NCDs increases the interest cost for the company, impacting future finance costs. The Rs. 50 crore related party acquisition from Orbit Abasan (a promoter-group entity) signals further consolidation of group assets within Emami Realty, which shareholders should monitor for value creation. The extremely low voting turnout (~1%) is a red flag, as it means these significant related party decisions were approved by a small fraction of the shareholder base.