Announced Mon, 20 Jul · 17:40 IST
Postal Ballot Results: Object Clause Amendment 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 Limited's Postal Ballot (June 19 to July 18, 2026) for altering the Object Clause of the Memorandum of Association has been approved by shareholders. Out of about 7.60 crore votes polled, 99.97 percent (7.59 crore shares) voted in favour and only 26,234 shares voted against. Promoters voted 100 percent in favour. Resolution passed with requisite majority.
Likely market impact
Routine corporate governance. Object clause amendment allows the company to expand or modify its permitted business activities. Minimal direct market impact expected.