IIFL Capital Services Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
IIFLCAPS · price
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IIFL Capital Services Limited has announced the results of its postal ballot conducted from March 26 to April 24, 2026. Two special resolutions were put to shareholders: one for increasing borrowing limits under Section 180(1)(c) and another for increasing limits under Section 180(1)(a) of the Companies Act, 2013. Out of 68,005 eligible shareholders, 303 participated in voting. The borrowing limits resolution passed with 99.9994% approval (24,27,95,995 votes in favour vs 1,479 against). The limits under Section 180(1)(a) resolution passed with 99.67% approval (24,19,91,471 in favour vs 8,05,645 against). Both resolutions received the requisite majority and are now approved.
Shareholders have approved expanded financial flexibility for the company to increase borrowings and create charges on assets, which could support future growth plans or refinancing needs.