Announced Sat, 4 Jul · 19:20 IST
Postal Ballot results: 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 of ideaForge approved two special resolutions via postal ballot e-voting. Resolution 1 authorises raising funds up to Rs. 500 crore through equity shares and other eligible securities in one or more tranches, passed with 99.9957 percent assent. Resolution 2 approves alteration of Articles of Association, passed with 99.9760 percent assent. Both passed on July 4, 2026.
Likely market impact
Shareholder approval clears way for fund raise up to Rs 500 crore, possibly leading to equity dilution. AoA changes also approved.