Intimation of Scrutinizer report pursuant to Regulation 30 & 44 of the SEBI (LODR), 2015
Awaiting price reaction for this filing.
Seshachal Technologies Ltd conducted a postal ballot (e-voting open from May 12 to June 13, 2025) seeking shareholder approval for a special resolution to change the company's name and amend its Memorandum and Articles of Association accordingly. Out of 45,536 total votes polled (by 1,258 shareholders on record date), 45,336 votes (99.56%) were cast in favour and just 200 votes (0.44%) against. The Scrutinizer confirmed the resolution was passed with the requisite majority. Notably, the promoter/promoter group did not participate in the voting, and only the public non-institutional category cast votes.
Shareholders have approved the company's proposed name change, which will now proceed with MCA/RoC filings. The new name and amended MOA/AOA will reflect once the regulatory formalities are completed, which could rebrand the company in the market. Near-term stock price impact is likely minimal as no business or financial change is involved — this is purely a corporate identity change.