Postal Ballot: Reallocation of Rs 9.07 Cr IPO Proceeds to Working Capital

Board & Shareholder Meetings View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-3.0%1-day move

₹39.50

prior close

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AI summary

iCodex Publishing Solutions is seeking shareholder approval via postal ballot (remote e-voting from Jul 17 to Aug 14, 2026) for two special resolutions. First, reallocation of Rs 9.07 Cr unutilised IPO funds (Rs 7.95 Cr from new office and Rs 1.12 Cr from hardware) into working capital. Second, ratification of a Rs 1.34 Cr deviation used for office interior works. Of the Rs 29.41 Cr net IPO proceeds, around Rs 19 Cr was utilised by March 31, 2026.

Likely market impact

Shareholders vote on shifting Rs 9.07 Cr from office and hardware plans to working capital. Outcome may signal management's spending priority and growth outlook.