Hindprakash Industries Limited has informed the Exchange with copy of minutes of Postal Ballot
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Hindprakash Industries Limited has filed the minutes of its Postal Ballot, with voting results declared on April 12, 2025. Shareholders approved both special resolutions with near-unanimous support — only 349 votes were cast against out of roughly 87.17 lakh shares polled. The first resolution raises the company's borrowing limit under Section 180(1)(c) of the Companies Act to ₹100 crore. The second resolution allows the company to create charges, mortgages, or hypothecation on its movable and immovable assets to secure such borrowings. Overall voting participation was 76.30% of total share capital, with promoters voting 100% in favour and public non-institutional shareholders voting 99.94% in favour. Voting was conducted via remote e-voting from March 13 to April 11, 2025.
The ₹100 crore borrowing ceiling gives the company room to raise fresh debt, fund expansion, or refinance existing loans, with the asset charge enabling better security for lenders. The overwhelming shareholder backing signals strong confidence in management's plans, though actual deployment of this capacity will depend on future board decisions and will be a key thing to track.