Announced Fri, 10 Jul · 16:59 IST
Postal ballot results - QIP equity fundraise resolution passed
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————
Up moveDown movePending
AI summary
Shareholders of Gujarat Themis Biosyn approved the special resolution to raise funds through issue of equity shares under Qualified Institutions Placement (QIP) via postal ballot. About 7.95 crore votes were polled (72.96 percent of total shares), with 99.98 percent in favour and only 18,941 against. Promoters voted 100 percent in favour. The resolution was passed with overwhelming majority.
Likely market impact
Company cleared to raise fresh equity from institutions. May dilute existing shareholders. Very high approval signals strong shareholder backing for the fundraise.