Announced Mon, 6 Jul · 14:42 IST
Postal Ballot: Education Sponsorship for Related Party Approved
Business Updates View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+4.7%1-day move
₹96.00
prior close
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AI summary
Fratelli Vineyards shareholders approved a postal ballot resolution to sponsor the higher education of Mr. Keshav Sekhri, a related party, under the Employee Learning and Development Programme. Out of 28,546,809 equity shares voted by 128 shareholders, 24,531,680 shares (98.71 percent) voted in favor and 368,308 shares (1.29 percent) voted against. The ordinary resolution was deemed passed on July 4, 2026, the last date of e-voting.
Likely market impact
Routine related party transaction approval. No material impact on business or share price expected.