Announced Mon, 6 Jul · 14:15 IST
Postal Ballot Passed: Variation in IPO Proceeds Usage Approved
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GKSL · price
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Price reaction · full curve 14 horizons · vs prior close
-0.7%1-day move
₹129.89
prior close
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base price
In-mkt
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AI summary
Gujarat Kidney and Super Speciality Ltd received shareholder approval via postal ballot (concluded July 4, 2026) for a special resolution to vary the objects and terms of utilisation of IPO proceeds. Of 78,843,250 total shares, 56,894,985 (72.16%) were voted. 99.9995% voted in favour and just 286 votes against. Promoter group voted 100% in favour with 56,333,900 shares. The resolution was passed with requisite majority.
Likely market impact
Company can now redirect IPO funds away from originally stated purposes, which may raise governance concerns among retail investors.