Announced Tue, 14 Jul · 18:28 IST
Postal ballot passed: share capital hike approved, EMDI Overseas unit to shut
Corporate Actions View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
-0.3%1-day move
₹53.25
prior close
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base price
After-mkt
timing
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AI summary
Ironwood Education's postal ballot saw two resolutions pass. An ordinary resolution to increase authorized share capital was passed unanimously with 100 percent votes in favor (1.11 crore shares polled). A special resolution to close wholly-owned subsidiary EMDI (Overseas) FZ LLC was passed with 99.9999 percent approval (10 dissent votes). Polling ran from June 14 to July 13, 2026, with 66.42 percent of outstanding shares voting.
Likely market impact
Shareholders approved raising authorized share capital and closing wholly-owned subsidiary EMDI FZ LLC. Both passed with near-unanimous backing.