Announced Mon, 20 Jul · 17:38 IST
Postal Ballot Outcome: Object Clause Alteration Approved
Board & Shareholder Meetings View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+4.1%1-day move
₹3.67
prior close
₹3.81
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-6.3-1.8——+4.1+0.8+1.6+3.5——————
Up moveDown movePending
AI summary
Facor Alloys postal ballot (e-voting from June 19 to July 18, 2026) on altering the Object Clause of the Memorandum of Association passed with 99.97% votes in favour. Out of about 7.6 crore votes polled (38.86% of outstanding shares), only 26,234 voted against. Promoters backed it 100% while public non-institutions voted 96.50% in favour.
Likely market impact
Special resolution to widen the company's permitted business activities is now effective. Very low dissent signals broad shareholder support.