Scrutinizer''s Report on Postal Ballot
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Facor Alloys Ltd announced the results of a postal ballot conducted via remote e-voting from June 10 to July 9, 2025. Two resolutions were put to shareholders, and both were approved with overwhelming majority. The first was a Special Resolution to sell or dispose of Plant and Machinery at the company's Shreeramnagar (Vizianagaram, Andhra Pradesh) undertaking, which passed with 99.79% of votes in favour (77.97 million shares out of 78.14 million polled). The second was an Ordinary Resolution to re-appoint Mr. Ashish Santosh Agrawal as Whole-time Director, which passed with 99.94% of votes in favour (78.09 million shares in favour out of 78.13 million polled). Promoters holding 86.6 million shares voted 100% in favour of both resolutions. Overall voting turnout was approximately 39.96% of outstanding equity shares, with 312 shareholders participating.
Shareholders have approved the sale/disposal of plant and machinery at the Vizianagaram undertaking, signalling a potential restructuring or asset monetisation move, and have also re-confirmed Mr. Agrawal's continuation as Whole-time Director. Both outcomes were broadly expected given the strong promoter backing, so no major surprise for the stock is anticipated.