Submission of Notice of Postal Ballot
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Emmforce Autotech has issued a postal ballot notice seeking shareholder approval for material related party transactions with three parties: Emmbros Automotives Pvt Ltd, PROSPEEDWAYS LLC (USA), and its 80%-owned subsidiary Emmforce Mobility Solutions Pvt Ltd. The proposed 12-month transactions include purchases of Rs 20 crore and sales of Rs 1 crore with Emmbros, sales of Rs 40 crore and purchases of Rs 5 crore with PROSPEEDWAYS, and with the subsidiary: purchases of Rs 5 crore, sales of Rs 1 crore, an unsecured loan of Rs 35–40 crore at 7.55% interest (4-year tenure), and a corporate guarantee of Rs 10 crore. E-voting runs from October 31 to November 29, 2025, with results due by December 1, 2025. Promoter directors Ashok Mehta and Neetu Mehta have direct stakes in all three related parties, making these interested transactions.
Shareholders must vote during the e-voting window (Oct 31–Nov 29, 2025). Approval is needed to continue normal business operations with related parties and fund the subsidiary. A 'no' vote could disrupt supply chain ties and the subsidiary's working capital, while approval cements concentrated related-party dealings where promoter directors have a direct financial interest.