Scrutinizer''s Report on voting Results in respect of Postal Ballot dated 10-02-2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Hindoostan Mills Ltd conducted a Postal Ballot (via remote e-voting) seeking shareholder approval for the sale of machineries of its Textile unit. The Postal Ballot Notice was dated February 10, 2026, with e-voting held from February 14 to March 15, 2026. Out of 5,362 eligible shareholders, 65 cast their votes, with a total of 11,84,805 shares (71.18% of outstanding shares) being polled. The special resolution was passed with overwhelming support — 98.55% of votes in favour (11,67,641 shares) and only 1.45% against (17,164 shares). Promoter group voted 100% in favour, and public non-institutional investors also supported it with 90.76% in favour.
The successful approval clears the way for Hindoostan Mills to sell off the machinery of its textile operations, signaling a likely exit or wind-down of its textile manufacturing business. Shareholders should watch for further announcements on the actual sale transaction, the value realized, and how the proceeds will be redeployed, as this could materially reshape the company's business profile.