Scrutinizers Report on Postal Ballot pursuant to Section 108 and 110 of Companies Act, 2013.
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Healthy Life Agritec Ltd conducted a postal ballot (remote e-voting) from May 1 to May 30, 2025, seeking shareholder approval to increase the Authorised Share Capital and amend the Capital Clause of the Memorandum of Association. The resolution was passed as an Ordinary Resolution with 100% of votes cast in favour and zero votes against. Out of 622 eligible shareholders on the record date of April 25, 2025, a total of 3,604,895 votes were polled (about 14.53% of total outstanding shares of 24,812,000). Promoters holding 7,391,999 shares did not participate in voting. The Scrutinizer, Sumit Bajaj & Associates, certified the process as fair and transparent.
This is a routine housekeeping resolution that simply raises the company's authorised capital ceiling, giving the board future flexibility to issue new shares. No actual equity issuance, dilution, or capital change happens now, so it has no immediate effect on existing shareholders' holdings or the stock price. Investors should watch for a follow-up announcement if the company plans a specific fundraising or stock-split action using this expanded headroom.