Intimation of postal ballot notice of the company.
Awaiting price reaction for this filing.
Kashyap Tele-Medicines Limited has issued a Postal Ballot Notice dated August 14, 2025, seeking shareholder approval through remote e-voting (NSDL) for three Special Resolutions. Resolution 1 seeks to shift the registered office from Girgaon Road, Mumbai to Mahape, Navi Mumbai (within Maharashtra) for operational efficiency. Resolution 2 proposes a complete overhaul of the Object Clause of the Memorandum of Association, replacing the existing medical and surgical equipment business with a textile business to tap new market opportunities. Resolution 3 seeks approval to rename the company from 'Kashyap Tele-Medicines Limited' to 'June Industries Limited', for which ROC name availability was received on August 27, 2025. The cut-off date for voting eligibility is August 29, 2025. E-voting runs from September 2, 2025 (9:00 AM) to October 2, 2025 (5:00 PM), with results to be declared on or before October 4, 2025.
This is a major strategic pivot — the company is exiting its legacy medical/surgical business entirely to enter textiles, relocating operations to Navi Mumbai, and rebranding as June Industries Limited. Shareholders should carefully assess this complete business transformation as it fundamentally changes the company's identity, existing share certificates will remain valid, and voting through NSDL e-voting is open until October 2, 2025.