Postal Ballot Results: Both Special Resolutions Approved
HIRECT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Hind Rectifiers Ltd announced postal ballot results on June 16, 2026. Two special resolutions were approved by shareholders via remote e-voting (May 17 to June 15, 2026). (1) Loan to subsidiary Elventive France SAS passed with 99.99% approval (17.93M votes in favor, 2,054 against). (2) Issue of equity shares on preferential basis to identified persons passed with 99.97% approval (17.96M votes in favor, 4,998 against). Both passed with requisite majority.
Company is cleared to extend loan to its French subsidiary and proceed with the preferential equity issue. Both items received overwhelming shareholder backing, indicating strong confidence.