Hindprakash Industries Limited has informed the Exchange regarding Proceedings of Postal Ballot
HPIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Hindprakash Industries Limited has received shareholder approval via postal ballot to sell, transfer, or otherwise dispose of the whole unit/undertaking of the company. The special resolution was passed on April 21, 2026, with 99.80% votes in favor (84,71,847 votes) against just 0.20% against (16,816 votes). The voting turnout was 74.30% of total shares (84,88,663 out of 1,14,24,110 shares). Promoter and promoter group showed strong participation with 90.51% voting in favor. The e-voting was conducted through CDSL between March 23 and April 21, 2026, supervised by scrutinizers from Parikh Dave & Associates.
This is a significant corporate action indicating the company may sell or transfer its entire business operations. Shareholders approved the resolution overwhelmingly, suggesting management's divestiture plans have strong backing. This could fundamentally change the company's business profile going forward.