Outcome along with Scrutinizers report.
HALEOSLABS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Haleos Labs Limited conducted a Postal Ballot to seek shareholder approval for issuing a corporate guarantee to RBL Bank. The guarantee secures external commercial borrowings taken by Mahi Drugs Private Limited, which is a material subsidiary of the company. The resolution was passed as an Ordinary Resolution with 99.99% votes in favour (1,05,592 votes) and only 8 votes against. Notably, the Promoter and Promoter Group, who hold 21,79,976 shares, did not participate in the voting due to their interest in the matter. The resolution was deemed passed on April 29, 2026, with low participation from public non-institutional shareholders at only 11.59% turnout.
This approval allows the company to support its subsidiary's borrowing through a guarantee, which could increase financial exposure for Haleos Labs shareholders. The near-unanimous vote signals shareholder confidence, though the lack of promoter voting warrants attention as it indicates related party involvement.