Please find enclosed Voting results for Postal Ballot under Reg. 44 of SEBI (LODR) Regulations, 2015.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
India Home Loan Limited conducted a postal ballot (remote e-voting) from February 5 to March 6, 2026, seeking shareholder approval on two resolutions. The first was a Special Resolution to continue Mr. Mahesh Pujara as Managing Director beyond age 70, and the second was an Ordinary Resolution to increase the Authorized Share Capital and amend the MOA. Out of 3,853 shareholders, promoter group (holding 38,12,649 shares) voted 100% in favour of both resolutions. However, public non-institutional shareholders overwhelmingly voted against both. Resolution 1 received 45.97% in favour vs 54.03% against (96,44,080 total votes polled). Resolution 2 received 43.99% in favour vs 56.01% against (1,00,79,080 total votes polled). Both resolutions failed to secure the requisite majority.
The rejection of both resolutions is a negative signal. The MD continuation failing creates leadership and governance uncertainty, while the blocked authorized share capital increase restricts the company's ability to raise fresh capital for growth. This may weigh on the stock and signal shareholder dissatisfaction with management and dilution concerns.