Please find enclosed herewith notice of Postal Ballot.
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Awaiting price reaction for this filing.
Healthy Life Agritec Limited has issued a Postal Ballot Notice seeking shareholder approval to increase its Authorised Share Capital from Rs. 25 crore (2.5 crore equity shares of Rs. 10 each) to Rs. 45 crore (4.5 crore equity shares of Rs. 10 each). The Board approved the hike on April 30, 2025, citing increased fund requirements of the Company. The resolution also entails amending Clause V of the Memorandum of Association to reflect the new capital structure. The e-voting window runs from May 1, 2025 (9:00 a.m.) to May 30, 2025 (5:00 p.m.), with results to be declared within 2 working days thereafter. This is being passed as an Ordinary Resolution, requiring a simple majority.
An authorised capital increase by itself does not dilute existing shareholders, but it gives the Company room to issue new shares later through a rights issue, preferential allotment, or QIP to raise funds. Retail investors should watch for follow-up announcements specifying the actual fundraising instrument and pricing.