HALEOS LABS LIMITED has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
HALEOSLABS · price
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Haleos Labs Limited has announced the results of a Postal Ballot conducted for shareholder approval of a Material Related Party Transaction. The resolution pertains to issuing a Corporate Guarantee in favor of RBL Bank to secure External Corporate Borrowings facility for Mahi Drugs Private Limited, a material subsidiary of the company. The resolution was passed as an Ordinary Resolution on April 29, 2026, with 99.99% of votes in favor (105,592 votes for, 8 votes against). Promoter/Promoter Group were interested in this agenda item. Total voter turnout was low at 3.49% of outstanding shares, with only 1,05,600 votes cast out of 30,23,287 eligible shares.
This related party transaction allows the parent company to support its subsidiary's borrowing through a corporate guarantee, which could have financial implications for Haleos Labs in case of default by Mahi Drugs. Shareholders have approved the arrangement with overwhelming support.