Announced Sat, 4 Jul · 19:08 IST
Postal ballot passed: fund raise up to Rs 500 crore and AoA alteration approved
Board & Shareholder Meetings View source PDF
IDEAFORGE · price
▲ 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
+2.2%1-day move
₹821.00
prior close
₹832.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.1+1.6+2.8+2.9+2.2+5.0+4.8+9.7+10.6+6.6+4.9———
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AI summary
Shareholders approved two special resolutions via postal ballot e-voting that ended on July 4, 2026. Resolution 1: approval to raise funds up to Rs 500 crore through equity shares or other eligible securities, passed with 99.9957% assent (498 voters, about 2.06 crore shares). Resolution 2: alteration of Articles of Association, passed with 99.9760% assent (481 voters, about 2.06 crore shares). Both passed with overwhelming majority.
Likely market impact
Fund raise clearance allows possible equity dilution worth up to Rs 500 crore; AoA changes may pave way for structural or governance shifts. Watch for follow-up fundraising.