Outcome of Postal Ballot
Price
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Facor Alloys Ltd conducted a postal ballot through remote e-voting from June 10 to July 9, 2025, on two resolutions. The first was a Special Resolution to approve the sale or disposal of Plant and Machinery at the company's Shreeramnagar facility in Vizianagaram, Andhra Pradesh — this passed with 99.79% of votes in favour (77.97 million shares). The second was an Ordinary Resolution to re-appoint Mr. Ashish Santosh Agrawal (DIN: 02148665) as Whole-time Director — this passed with 99.94% of votes in favour (78.09 million shares). Promoters voted 100% in favour of both resolutions, contributing about 77.51 million shares each time. Overall, around 40% of outstanding shares participated in the voting, with very low engagement from public non-institutional shareholders (only 0.57% of their holdings were polled).
Both resolutions have been cleared by shareholders, giving the company the green light to proceed with selling off its Shreeramnagar plant and machinery and confirming Mr. Agrawal's continuation as Whole-time Director. The asset sale could signal restructuring or a shift in operations, which shareholders should monitor for further updates on use of proceeds or business direction.