We hereby submit Notice of Postal ballot dated May 08, 2026.
Price
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Awaiting price reaction for this filing.
Identixweb Ltd is seeking shareholder approval via postal ballot for two resolutions: (1) Ordinary Resolution for Material Related Party Transactions with Munim ERP Private Limited (a subsidiary) for FY 2026-27, including services up to Rs 10 crore, inter-corporate loans up to Rs 20 crore, providing securities up to Rs 20 crore, and providing guarantees up to Rs 20 crore; (2) Special Resolution under Section 185 of Companies Act, 2013 to advance loans, give guarantees, or provide security to Munim and other entities where directors have interest, up to an aggregate limit of Rs 30 crore. The Section 185 resolution supersedes a previous shareholder approval from May 18, 2024. The e-voting period runs from May 11, 2026 to June 9, 2026, with results expected by June 11, 2026.
The proposed transactions involve significant financial exposure to a related party (subsidiary), with combined limits potentially exceeding Rs 50 crore or 10% of annual consolidated turnover, which triggers material related party transaction rules. Shareholders should carefully evaluate the business rationale and associated risks before voting.