Postal Ballot cleared: Ideaforge gets nod to raise up to Rs 500 crore
IDEAFORGE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ideaforge Technology Limited has informed exchanges that two special resolutions in its postal ballot have been passed by shareholders. Resolution 1 approves raising of funds in one or more tranches up to Rs 5,000 million (about Rs 500 crore) through equity shares and other eligible securities. It received 99.99 percent assent. Resolution 2, alteration of Articles of Association, got 99.97 percent assent. The cut-off date was May 29, 2026 and e-voting closed on July 4, 2026.
Shareholders have cleared a potential capital raise of up to Rs 500 crore, which could lead to equity dilution if the company proceeds with the issuance.