HALEOS LABS LIMITED has informed the Exchange regarding 'Events Calendar (Postal Ballot)'.
HALEOSLABS · price
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Haleos Labs Limited has announced a Postal Ballot process to seek shareholder approval for a Material Related Party Transaction. The resolution involves approving a corporate guarantee to be issued in favor of RBL Bank to secure external borrowings availed by Mahi Drugs Private Limited, the company's subsidiary. The Board had approved seeking this consent on February 11, 2026, and the Postal Ballot Notice will be dispatched by email on March 30, 2026. The e-voting window will run from March 31, 2026 (9:00 AM) to April 29, 2026 (5:00 PM), with results to be declared on May 1, 2026. The cut-off date to determine eligible voters is March 27, 2026. CDSL has been appointed as the e-voting agency, and Mr. C. Sudhir Babu will act as the Scrutinizer.
Shareholders as of March 27, 2026 will get to vote on whether to allow the company to back its subsidiary Mahi Drugs' borrowings via a corporate guarantee to RBL Bank. Approval is generally expected for routine subsidiary support, but a 'No' vote would prevent Haleos Labs from issuing this guarantee, potentially affecting the subsidiary's funding arrangements. The stock price impact is likely minimal unless shareholders raise concerns about the guarantee terms or subsidiary exposure.