Announced Fri, 10 Jul · 16:57 IST
Postal ballot: QIP fund-raising resolution passed with 99.98% approval
Board & Shareholder Meetings View source PDF
GUJTHEM · 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
-2.1%1-day move
₹380.05
prior close
₹376.95
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+4.3+4.4+4.0+3.7-2.1-1.9-2.0-3.3-4.5-7.6————
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AI summary
Gujarat Themis Biosyn shareholders approved a special resolution to raise funds by issuing equity shares through Qualified Institutions Placement (QIP) via postal ballot. Of 79,496,307 votes polled (about 73% of total shares), 99.98% voted in favour and only 0.02% against. Promoter group voted 100% in favour. The scrutinizer confirmed the resolution was passed with requisite majority.
Likely market impact
Company can now proceed with QIP to raise capital from institutions, which may lead to equity dilution for existing shareholders.