Announced Wed, 1 Jul · 18:04 IST
Postal ballot seeks shareholder approval to reallocate preferential issue funds
Board & Shareholder Meetings View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.4%1-day move
₹47.45
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+1.4—+5.4+0.1-4.7+1.9+19.1———
Up moveDown movePending
AI summary
Postal ballot notice for reallocation of Rs. 15.88 crore raised via Feb 2025 preferential issue. Original plan: Rs. 11 cr for NBFC license, Rs. 3 cr for FinTech, Rs. 1.88 cr general. Revised: Rs. 5 cr NBFC, Rs. 7.88 cr FinTech, Rs. 3 cr general. RBI approval for NBFC acquisition delayed, only Rs. 1.478 cr used so far. E-voting runs 2 July to 31 July 2026.
Likely market impact
Shareholders must vote by 31 July 2026. Reallocation signals RBI delays on NBFC acquisition, with more funds now aimed at FinTech and general use.