Hindprakash Industries Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
HPIL · price
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Hindprakash Industries Limited conducted a postal ballot (by remote e-voting) from March 23, 2026 to April 21, 2026, with 3,124 eligible shareholders on record. The single special resolution was to approve the sale, transfer, or disposal of the whole unit/undertaking of the company. Out of 1,14,24,110 outstanding shares, 84,88,663 votes (74.30%) were polled, with 99.80% in favour and just 0.20% against. Promoters voted 100% in favour (77,39,845 shares), while public shareholders voted 97.75% in favour. The scrutinizer Mr. Umesh G. Parikh of Parikh Dave & Associates confirmed the resolution was passed with no invalid votes.
Shareholders have approved a significant move that could lead to the company selling off its entire operating business or a major part of it. This is a major restructuring event that could materially change the company's future direction and stock price, and investors should watch for further announcements on the actual transaction details, buyer, and use of proceeds.