ION Exchange (India) Limited has informed the Exchange about Copy of Newspaper Publication pertaining to Notice of Postal Ballot and information on e-voting.
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ION Exchange (India) Limited has published a postal ballot notice under SEBI LODR Regulations, 2015, seeking shareholder approval via remote e-voting on three ordinary business resolutions. The resolutions cover: (1) increasing the borrowing limit from Rs. 750 crore to Rs. 1,000 crore, (2) authorising the creation of charges/mortgages on the company's assets as security for borrowings, and (3) permitting inter-corporate loans, investments, and guarantees up to Rs. 1,000 crore. The e-voting window opens on April 25, 2026 at 9:00 AM and closes on May 8, 2026 at 5:00 PM. The cut-off date for determining eligible shareholders is April 24, 2026. Voting must be done electronically through NSDL's e-voting platform; no physical postal ballot forms are required for those using the electronic facility.
Shareholders should vote on these resolutions as they determine the company's future borrowing capacity and financial flexibility. Approval of the higher borrowing limit could enable larger debt-funded expansions or operations.